There are countless summer camps out there. Summer camps that teach survival skills are pretty common, but what about a camp that teaches financial survival? Teens have a lot to learn. Only half of high school students in a recent survey correctly answered questions about saving, budgeting and retirement.
Money camps are growing in popularity and that’s good news because many schools don’t cover the topic and parents aren’t always the best teachers. They’ve made mistakes with their own money and, so, they don’t feel ready to teach their kids about personal finance.
In a camp taught near where I live, 10-year-olds to teens learn how to budget, save, buy a house and car and start their own business. “You can do what you love and still make cash because you can make your money work for you,” the camp founder says.
Finance camps can cost anywhere from a couple hundred dollars for a two day long session, or run into the thousands for sleep away camps often held at colleges. Check out www.themoneycamp.com for more info.
Would you send your kids to a money camp?