Cheapskate Wisdom from … a Summer Camp Teaching Kids About Finance

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“Owing someone else is worse than being broke!”

The CS Monitor highlights a camp in Kansas City that teaches inner-city kids about financial basics in a competitive and fun way:

Campers are divided into two groups, the Bulls and the Bears. Each team member has a job: head trader, portfolio manager, economist, market analyst, stock trader, or commodity trader. The teams buy and sell stock in that summer’s mock companies. The team with the highest portfolio value at the end of camp is declared the winner.