It’s the 21st century’s catch-22. In order to get a well-paying job, you need to have a college education. In order to afford a college education, you need to already have a well-paying job. For parents of traditional college students, as well as adult students returning to school, it may seem as though a degree […]
I’m a firm believer in not paying my kids an allowance. And no, I’m not just a meanie. It’s important to me to make sure that my kids understand the relationship between work and money. I’ll explain my unconventional approach below. Why I Don’t Pay my Kids an Allowance 1. Picking up toys, clothes, books, […]
Teaching our kids to effectively manage money is essential. Kids with good money management skills grow up to be adults with excellent money management skills, and those adults will be leading our country someday. Leaving an inheritance for your kids isn’t enough — they must know how to manage the money, or they’ll likely end […]
One of the biggest changes our family has made over the years is cutting back on Christmas spending. When we first had kids, we felt it was necessary to fill the floor beneath the tree with gifts. It wasn’t unusual to spend between $200-500 on each kid for Christmas. A week after Christmas, most of […]
All you seasoned parents know that babies are quite expensive. Adding a new member to the family means additional furniture, food, clothes, and insurance costs (and a whole lot more!). But what we often fail to compute is the cost of little extras that come about simply because we’re stressed, ill-prepared, or in a rush. Here […]
While your teenager may be the one to show you how to use Facebook, download apps for your new smartphone, or explain (with a little too much patience) how to access the YouTube video of your toddler nephew, it’s a mistake for both of you to assume that you have nothing to teach your technological […]
