In Class

Kiddo Bank currently offers one culture class in Mandarin Language and Culture Center (, in Saratoga, CA. 

=== Where is my red envelope money? ===

Giving red envelope is a Chinese tradition. However, using red envelope money may become an issue between parents and children. Both want to keep the money. Let Mr. Chang proposes a solution. Let red envelope money comes be a means to teach personal finance, and financial products. The class will cover the following topics. 
  • When do my parents set aside my money? (personal/family finance)
  • How much can I buy with my red envelope money? (budgeting)
  • Where can I put my red envelope money? (saving)
  • How do I make money from my red envelope money? (investment)
  • Can I borrow my red envelope money from next year? (borrowing)
  • Can I charge my parents interest if they keep my red envelope money? (lending)
  • Should I save my red envelope money for college? (education funding)
  • Should I pay tax for receiving red envelope money? (taxation)
  • Was my red envelop money worth the same as it is now? (inflation) 
  • How do I make money in addition to my red envelope money? (allowance/part-time job)
Students need the knowledge of addition, subtraction, multiplication, division, decimal fractions, in order to compare, for example, interest rates among different financial products. The recommended age is 4th grade and up. 

The class is based on the material from National Financial Educators Council, and Visa's Practical Money Skills. Financial advice comes from best selling books, such as "The Millionaire Next Door" by Thomas Stanley and William Danko, and "The Total Money Makeover" by Dave Ramsey.