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Teens Saving Money

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What is the best way to teach teens money saving tips? Most teens I know only love to spend money. For a parent teaching kids about savings it basically involves the fine art of motivation. Kids are certainly all about instant gratification. Although teens are starting to look and act like adults, they are still very much kids at heart. The maturity around setting limits, especially with money, has not been instilled in their development. But, that doesn’t mean you shouldn’t start teaching your teen money saving strategies. Just be patient, knowing that your advice and tips will probably not … Continue reading →

Money Week in Review May 14-June 2

First I would like to extend a warm welcome to our new money blogger Debbie Vasen. I know that you will enjoy reading her insights on family finances. She has introduced herself in Why Trust a New Money Blogger? You learn more about how to include your family in your money decisions in Family Money. Comparing the Value of Your Things to Your Time helps you gain an additional perspective on what your spending your money and your time on. Money Decisions and Marriage discuss the importance of including both spouses in the financial decisions and balancing the tasks between … Continue reading →

Is Your Graduate Ready to Make Financial Decisions?

The time when you send your high school graduate out on his own is drawing near. Is your child financially prepared to function on his own? Does he realize the ins and outs of planning, saving and spending? Can he manage a workable budget? Here are five tips to help him start out on the right foot. 1) Before he goes out on his own, sit down with him and briefly outline a realistic budget with him. For this to work, he really needs to set the limits. You may want to guide the discussion by suggesting categories that he … Continue reading →