From the category archives:

Kids and Money

I knew baby Sara was smart, but when she started teaching me personal finance concepts…
Many of the kids and money articles discuss how we can teach our children money matters, but let’s turn the table this time. Since baby Sara’s birth a week ago, she already reminded me of many principles that you and I [...]

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It used to be that saving for college was a relatively simple process: if you wanted to save for your child’s college education, you put money away wherever it was convenient. Now, though, there are several types of specific savings plans that offer you benefits that your old coffee can’t compare with. They may not [...]

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Is personal finance a subject parents should “teach” their children?
With Sara’s imminent arrival, her upbringing is naturally a very hot topic these days. I’m getting way ahead of myself, but I’m already thinking about how we are going to share our values and money habits with her. On the finance side, I know that our [...]

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Take 10 seconds right now and try to remember the exact moment when you first understood what money was, and why it was important to society as a whole.

What emotions did you feel?
What possibilities did you create in your mind?
What attitudes and/or beliefs overcame you at that very instant?

Now, what about after learning money’s purpose [...]

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Dual income families are becoming more and more common these days, but is leaving your children in the care of a stranger worth it? Is the extra money even necessary?
Sara is due in the next five to nine weeks, and one of the topics that we discussed is whether Emma should be a stay home [...]

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In the recently signed into law Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD), one of the key provisions is no one under the age of 21 can obtain a credit card unless a parent, legal guardian, or spouse is the primary cardholder (exceptions can be made if the applicant can substantiate certain [...]

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The current culture of acceptance that surrounds the issue of debt is one that has arisen as a result of an increased dependence upon credit and the act of satisfying an ‘I want it now’ attitude. A rise in materialism and the inherent temptation of credit cards and personal loans in aiding presentation of a [...]

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My son really wants to buy a house here, but it will really stress our financial situation if we help him with the down payment.
- A mom talking to her friend at the grocery store.
For many parents, helping their children financially is of the utmost importance. They will often try to please the young [...]

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I hesitated before I wrote this piece because it’s so obvious, but we need to remind everyone again and again until we finally complete the implementation. We need to incorporate basic personal financial education topics into our educational curriculum.

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