How can you help your kids learn to manage money? Discover the secret in The No-Cash Allowance, an easy to use money management system that helps kids learn how to manage money without cash. Kids are responsible for keeping track of their own money so the system doesn’t break down. It’s easier than you think and won’t cost you any extra money!
‘Tis that time to make resolutions. My bank sent me a newsletter with a financial checklist for 2012. Let’s wander through the list and put it in perspective for an average person. Identify your financial goals for the year. What is a financial goal? Buy a new car, pay off your mortgage, increase your savings, [...]
A perennial question for parents is, “Do you pay your kids to do chores?” But the real question for you to think about is, “How does paying (or not paying) your kids for chores fit into your overall plan for teaching your kids how to manage money?” In my opinion, I like to think of [...]
In my annual number gathering prior to filing our joint tax return one number in particular jumped out at me. $3.47. That’s the interest our checking account earned during 2011 with a monthly yield ranging from $.04 to $.73. We accumulated barely enough to treat one kid to an ice cream cone, which as of [...]
In September I wrote a blog Viewing national debt as a family budget. With America’s debt now at $14 trillion, most of us can’t get a handle on numbers with that 12 zeros. Here’s a different spin on the numbers, in the form of a fable parents can share with their kids. Taxpayer goes to [...]