Making Kids Money Masters

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Budget Friendly Ideas For Kids This Holiday Season

December 3, 2014

Hello Everyone,

The holiday season is upon us, which can lead to big spending. Don’t worry, here are some tips for kids to help them earn and save money during the busy season. READ MORE


Thank You From Walter The Vault

November 18, 2014

Dear Friends,

Thank you for your support of my passion project, teaching children about money with Walter the Vault. Your words of encouragement and generosity is much appreciated. Unfortunately, we did not meet our target goal. READ MORE


Walter The Vault’s Kickstarter Campaign

October 15, 2014

Hi Readers,

Today is a huge day for Walter the Vault because it’s the launch of our Kickstarter campaign. With your contributions over the next 30 days we’ll be able to finance our first book The Pumpernickels Meet Walter the Vault. READ MORE


Financial goals for kids

September 8, 2014

Hi Everyone,

Recently Forbes published “3 Financial Goals To Focus On In Every Decade.” The article discussed goals for people 20 and over. Walter the Vault feels it’s important for children and teens to have financial goals as well. READ MORE


Creating a savings account

July 31, 2014

Hi Everyone,

Here’s a scenario: It’s your birthday and you receive a check as a gift. What do you do with it?

Perhaps your best option if you’re under the age of 18 and don’t already have one is to open a savings account, also known as a Custodian Account. A Custodian or Custodial Account is an account created at a bank, brokerage firm or mutual fund company that is managed by an adult for a minor that is under the age of 18 to 21 (depending on state legislation). Although most custodians who manage the bank accounts are parents, guardians, or relatives, the custodian doesn’t have to be related to the child to set one up. READ MORE


Saving for summer vacation

July 17, 2014

Hello everyone,

Summer is the prime time for families to go on day trips and vacations. Kids rarely understand how expensive these trips are, but always want to enjoy these summer experiences. One way to help children learn about basic vacation expenses is to plan the trips with them. READ MORE


What are you saving for?

May 29, 2014

Earlier this month at the Family Financial Literacy Fair sponsored by the Nassau County Chapter of NYSSCPA we asked kids to tell us what they’re saving for.  Here are some of things that made the list: READ MORE


Family financial literacy fair May 2014

May 15, 2014

Hello Everyone,

Thank you to everyone who came out to our Family Financial Literacy Fair sponsored by the Nassau County Chapter of the New York State Society of Certified Public Accountants.  It was a huge success and a fun day filled with music, games and entertainment.  It was great seeing everyone engaged at the various tables educating themselves on financial literacy and how to make smart decisions with their money.  We want to give a special thank you to NYSSCPAs Nassau Chapter president Scott Sanders for supporting our fair. READ MORE


Taxes 101

April 15, 2014

Everyone knows that April 15 is “Tax Day” but what does it really mean?  In the United States it’s the last day for individuals to file their income tax return for the previous year.  According to the 16th Amendment of the U.S. Constitution, “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”  In other words, the federal government can collect a percentage of whatever income you make to help support the United States. READ MORE


National financial capability month

April 1, 2014

Hello Everyone,

It’s April and for many families it means a few things:  April Fool’s Day, Spring weather with some April showers, and about two more months left until Summer vacation.  It is also the start of National Financial Capability Month.  What’s National Financial Capability Month (also known as Financial Literacy Month)?  As declared last year by President Obama in this proclamation: READ MORE


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