Show Me The Moola

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The new fad these days among parents trying to make their children even more savvy is sending them to finance camp, where they are learning slick little phrases like "Assets feed you, liabilities eat you."
In the past such camps were limited to "high-achieving high school students," which we read as, "those trying to puff up their college resume." Now, the audience has expanded to grade-school students.
Many of the camps "[teach] campers how to rebalance portfolios, invest in real estate and use credit cards without getting dinged on fees."
Camp Millionaire, over a five day period, has its campers build a minieconomy , where the kids use mayo moola as their mock currency.
One little fucker, Andrew Adams, 10, told his mommy that "her credit-card billing cycle had changed, and that she wasn't keeping up with payments. Her delays were racking up late fees, jacking up her interest rate and hurting her credit score." Roughly translated as, "Mommy, you numbnuts! Get your shit together and pay the bills on time."
On the other hand, I guess it's not a bad idea to teach kids some financial sense now, so that they won't take out mortgages that they can't pay and rack up massive debt in the future.
--Senior Camp Counselor Travis

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