Making Kids Money Masters

Press

Marlene Hochman interviews Karen Tenenbaum of Money Masters

May 17, 2020

Ever wonder how toys and games were created or how to make it in the business of child’s play? For years, the inventors have stayed out of the public eye! But now it’s time to meet the new toy inventors on the block. Through this free web series, The Toy Museum of NY and Toy Museum TV is letting the world in on who is behind the newest toys and games of our generation through a set of exclusive interviews conducted at The American International Toy Fair in 2020.


How to Talk to Your Children About Money

October 8, 2018

 

Not sure how or when to have the “money talk” with your kids? Come hear our team from Money Masters, Inc. and Walter the Vault speak about the importance of children’s financial literacy.

Saturday, October 13, 2018

Freeport Memorial Library

114 W. Merrick Road | Freeport, NY, 11520

 

Free admission!


Conversations in finances to teach children

January 30, 2018

NADYA NATALY/HERALD

Money affects everyone regardless of age. The worry increases with age as bills and responsibility change over time. However, according to the Long Island-based financial advisors, Money Masters, Inc., conversations about money should start at an early age.

“Our goal is to raise children that grow into prosperous adults who have a healthy relationship with money,” said Richard Weinstein, co-founder of Money Masters. “We want them to have money literacy.”

On Jan. 22, the Freeport Memorial Library welcomed Weinstein to the monthly Financially Fit workshop to tackle the question, “How do parents talk to their children about money?”

Freeporters interested in mastering the sticky world of finances, while learning new ways to have conversations with their kids attended the workshop in hopes of tapping into new resources.

“I don’t think people see the need for this, but this is starting to be a topic of discussion,” Weinstein added. “Parents are reluctant to talk to the children about money because they don’t feel comfortable. It’s a void and we’re trying to fill that void.“

Weinstein is a business owner of a New York City-based electrical contracting firm for over 30 years walked, parents and grandparents, through different steps they could raise money-smart kids. Through the workshop, Weinstein introduced Walter the Vault, a cartoon character he created in efforts to help children better understand the fundamentals of money.

On the Money Masters’ website, walterthevault.com,Walter the Vault stars in a collection of games, coloring pages, puzzles and spending charts centered around spending, saving, budgeting, financial goals and earning.

According to Claire Lynch, vice president of business development at Money Masters, parents should start conversations with children at a young age in efforts to start developing a healthy relationship into adulthood. An approximate, 72 percent of parents say they’re reluctant to talk to their children about money, says Weinstein.

“It is overwhelming for parents to explain fiancés to their kids. We hope our guide can help answer parents answer their kid’s questions,” Lynch said.

Weinstein recommends parents to find ways they can teach the children how to earn money around the house by assigning chores or even shoveling snow. Another suggestion was to give the children a weekly allowance. However, the most important thing to do, says Weinstein, is to keep track of the money and store it in a safe place.

“You wake up in the morning you plan out your work day and health day,” Weinstein said. “You should put that same emphasis in your planning your financial day — what am I going to spend, earn, save or donate.”

 

http://liherald.com/freeport/stories/conversations-in-finances-to-teach-children,99558


REVISED Alex Brands Press Release

June 29, 2017

Press Release

Alex Brands® and Money Masters, Inc. Partner to Promote Financial Literacy for Children

 

Melville, NY, June 2017: Money Masters, Inc. has partnered with toy company Alex Brands® and developed a 16-page financial literacy booklet for distribution with a new financial literacy toy collection called Brainy Bucks™. The toy company is launching Brainy Bucks as a replacement of their previous toy brand, Zillionz™.

Money Masters, Inc. was contacted by Alex Brands to write a financial literacy booklet, which will be included in Alex Brands’ new packaging. The Money Masters™ booklets contain engaging financial content consisting of money advice, the history of money, fun activities, an allowance chart, and more for both kids and parents.

Karen Tenenbaum, cofounder of Money Masters, Inc. states, “I’m excited to bring a financial education component to Alex Brands new product line. Learning about money: how to save it, how to spend it, how to invest and donate it, at a young age, is critical to financial success as adults. We want kids to start young and Money Masters makes it fun.”

Taking place every year in New York, the Toy Industry Association’s Toy Fair, consists of play designers, toy innovators and industry catalysts. This event is key for any toy manufacturer or distributor aiming or continuing to be a part of the $26 billion dollar US toy market. Alex Brands launched their new Brainy Bucks line, highlighting the Money Masters’ booklet, at this year’s Toy Fair. Money Masters, Inc. and Alex Brands were highlighted in Toy Fair Trend Analysis in the Educational Fun category in WGSN, a marketing and trend analysis company.

About Alex Brands

The Alex Brands® family of brands is comprised of some of the most iconic, recognizable and award winning toys in the industry today. With a commitment to helping children become more active and develop their imagination and creativity, Alex Brands offers toys for children of all ages. Brands include Alex Toys®, POOF®, Slinky®, Ideal®, Backyard Safari®, Buzz Bee Toys®, Scientific Explorer® and Shrinky Dinks®. Through their corporate contribution program, Alex Brands Cares™, they have created meaningful partnerships that brighten children’s days through play, and to give back to communities locally and nationwide. For more information, visit www.alexbrands.com.

 

About Money Masters, Inc.

Money Masters, Inc. brings the fun to financial literacy using the lovable animated character named Walter the Vault®. Walter the Vault® teaches children to become “Money Masters™” to make wise decisions about money. As “Money Masters™,” children will learn how to save and spend responsibly, invest wisely, set written goals and make financially enriching choices while having fun through games, puzzles, music, activities and more. It is vital that children start learning the importance of financial literacy at a young age. For more information visit www.walterthevault.com or email walterthevault@yahoo.com.


Press Release: Money Masters Inc. Releases New Innovative Website

May 3, 2017

Money Masters Inc.

534 Broadhollow Road

Suite 301

Melville, NY, 11747

631-465-5000

 

Press Release

Money Masters Inc. Releases New Innovative Website

  

Melville, NY, May 2017: Money Masters, Inc. released a new website for Walter the Vault with eye-catching graphics, catchy songs and fun activities. The new website, http://www.walterthevault.com, combines fun with financial literacy.

Walter the Vault is an animated character who teaches children about money and finance in an engaging way through songs, poems, activities, coloring pages, puzzles and games. Parents can learn about financial literacy and how to incorporate these tips to teach their little ones to save, invest, donate and spend wisely. Co-founder, Karen Tenenbaum says, “I have seen people in financial distress and I realized we have to teach children about money so the next generation can make wise financial decisions. The key is to start young and make it fun.”

Money Masters, Inc. expects to experience an increase in Walter the Vault’s following on their Facebook page and website due to more enriching content. In addition to information about financial literacy, you can listen to Walter the Vault’s songs, purchase activity booklets, utilize interactive coloring sheets and word searches, play Walter’s memory match game, and read blog posts about current issues within the world of finance.  

 

About Money Masters, Inc.

Money Masters, Inc. brings the fun to financial literacy using the lovable animated character named Walter the Vault. Walter the Vault teaches children to become “Money Masters” to make wise decisions about money. As “Money Masters,” they will learn how to save and spend responsibly, invest wisely, set written goals and make financially enriching choices while having fun through games, puzzles, music, activities and more. It is vital that children start learning the importance of financial literacy at a young age.

 

 

For more information visit www.walterthevault.com or email walterthevault@yahoo.com.


Teaching your children about money

April 12, 2017

 

“April is Financial Literacy Month. And studies show we need it more than ever, with as many as two thirds of American adults unable to answer basic financial questions.”

View Article: http://www.fox5ny.com/news/teaching-your-children-about-money


Press Release: Alex Brands and Money Masters, Inc. Partner Together to Promote Youth Financial Literacy

April 6, 2017

Money Masters, Inc.

534 Broadhollow Road

Suite 301

Melville, NY, 11747

631-465-5000

 

Alex Brands and Money Masters, Inc. Partner Together to Promote Youth Financial Literacy

 

Melville, NY, April 2017: Money Masters, Inc. partnered with toy company Alex Brands and developed a 16-page financial literacy booklet for distribution with Alex Products. The toy company re-launched their financial literacy toy collection called Brainy Bucks, which is replacing their previous toy collection, Zillionz.

Money Masters, Inc. was contacted by Alex Brands to write a financial literacy booklet, which will be formally included in Alex Brands’ new toy boxes. The financial booklets include the history of money, fun activities, money advice, an allowance chart, and other engaging financial content.

READ MORE


CPA society plans financial literacy fair

March 23, 2016

The Nassau County Chapter of the New York State Society of Certified Public Accountants plans to conduct a family financial literacy fair next weekend to educate children in kindergarten through fifth grades on the importance of saving money.

The fair will be held at the YES Community Counseling Center at 152 Center Lane in Levittown on Saturday from 10 a.m. and 2 p.m. READ MORE


Visitors at Family Financial Literacy Fair

March 23, 2016

family-financial-literacy-faire

WIT member, Karen Tenenbaum and Walter the Vault, participated in a Family Financial Literacy Fair hosted by the NYS Society of CPAs, Nassau Chapter. Walter the Vault is an animated character that teaches children about money.


Accountants and Boy Scouts Work Together to Teach Children About Money

January 1, 2015

From: NYSSCPA, Nassau Chapter, Financial Literacy Committee

Accountants and Boy Scouts Work Together to Teach Children About Money

NYSSCPA Nassau Chapter’s Financial Literacy Committee
and Seaford Boy Scouts educated kids on the benefits of being financially responsible

SEAFORD, NY – January 23, 2015 – Local children participated in a hands-on, educational event hosted by the New York State Society of Certified Public Accountants (NYSSCPA), Nassau Chapter, Financial Literacy Committee and Seaford Boy Scout Packs 581 and 239, and Troop 581. Kids moved from table to table taking part in activities encouraging monetary awareness.

“It is extremely important to educate children about money management as early as possible,” said Karen Tenenbaum, chair of the Committee of NYSSCPA, Nassau. “Children should learn about saving and the differences between wants and needs.”

The mission of the Financial Literacy Committee is to reach out to children in order to guide them on their journey toward financial literacy and fiscal responsibility. The Committee exposes kids to engaging and instructional material which help them understand money and finances at an age-appropriate level.

About the NYSSCPA
Founded in 1897, the NYSSCPA is the premiere professional accounting association for more than 29,000 certified public accountants residing and practicing in New York State, encompassing all areas of public practice, including in government, education, and industry. Visit www.nysscpa.org, as well as its Nassau Chapter and the chapter’s Financial Literacy Committee for more information.


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