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 […]
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 […]
When I was growing up, my parents would get the urge every once in awhile to impart money management skills to my siblings and me. They would experiment with different systems for dispensing allowances and organizing income, but most failed due to the lack of discipline on both their part and ours. Not every […]
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 […]
This is a guest post from Bill Muhlenfeld, who runs a site that’s focused entirely on college money issues for parents. Learn more at Money Launch My Kid. No dollar tips or piggy banks here. We’re going to talk about the big numbers. Are you trying to figure out how you’re going to pay for […]
Reading the Wall Street Journal’s Sunday column “Yoder & Son” shed light on an incredible easy and effective parenting tip on helping your kids understand personal finance – Let You Children Take Care of It. Like many, Steve found out about a monthly recurring errant transaction on his son’s checking account statement and started calling […]
