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What Not to Do in Front of Your Kids When It Comes to Money

Children learn what they see. It is a true statement for any kind of behavior including money management. Children’s attitudes toward money and whether or not they will be able to make it work for them as adults has much to do with their parents. If you are married, think about any differences that there might be between you and your spouse, regarding any issues having to do with money. Is one of you more a saver than a spender? Do you approach investing or debt the same way? Chances are that you may each have different ideas about handling … Continue reading →

The Difference Between Saving and Investing: An Important Distinction for Kids to Learn

You can save or you can invest. It is a distinction that many adults struggle with as a concept. How then can kids understand the difference, and why is it so important? Most kids who are introduced to the concepts of money tend to be conservative. They like to hoard as much of their money as they can and save up for things. That is a great phase that can be utilized by parents, caregivers and teachers to teach the value and the responsibility of money. Unfortunately, most kids do not get any instruction past those initial lessons. Many experts … Continue reading →

Teaching Children Financial Literacy

It is only natural for parents to want their children to have an easier time of things when they become adults than they themselves have had. No parent wants his or her child to grow up, become independent, and then struggle financially. Fortunately, parents are in a position to teach children the fundamentals of finance so that they have a better chance of having that easier time that their parents wish for them. Financial literacy is not something that was taught in school when I was a student, at least not in much depth. In a class called “Personal and … Continue reading →

We’re Broke! Why Do We Need a Financial Planner? Part 2

Once you have made the commitment to achieving financial independence and have selected your advisor, the next step is the discovery interview. It is at this point that your planner will be attempting to ascertain how you feel about money. While that may sound pretty straightforward, money is a highly charged matter for most of us; it has come to represent many of the key structures of our lives—like security, safety, power, prestige, independence, and even love. In American society, money—how much we have, how we earn it, and how we spend it—has become a stand-in for our moral character. … Continue reading →

Homeschool Cash: Can homeschooling be profitable?

(cc) image by Tracy O/flickr I recently stumbled across an advertisement that promises to show you how to make money by homeschooling. I wish I could give you the exact information, but I wasn’t about to buy the ebook to find out about something that seemed too good to be true. I did, however, manage to glean a bit of information from the advertisement. According to the claims in the article, by purchasing the Homeschool Cash program, you can make money by writing about information that you and your children research in the course of homeschooling. I am sure the … Continue reading →

Get Your Kids Investing

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Want to start your children on a good path towards financial freedom? Start teaching them investing skills now. As soon as they are old enough to talk, they can start getting involved with the basics of money. Once they are in grade school, you can begin to teach them the valuable skills of investing. Some tips on just how to teach your kids some investment skills are: 1. Start by explaining what investing is. Not exactly sure yourself? Typically most kids understand saving — where you are putting money aside to buy something later, adding to that money as you … Continue reading →

Money Week in Review October 21 – 27

In Money Discussions, Debbie mentions the importance of having both regular weekly conversations and a more serious semi-annual meeting about money. These quick discussions help keep you on task, but the formal meetings ensure you are taking time to adequately plan for long term goals. Debbie reminds us all how much fun and educational the game of Monopoly is for a family. For kids four and older, the game can be an entertaining way to teach some valuable financial lessons that go beyond just saving and spending. Remember it is important to not only teach our kids how to manage … Continue reading →

Teach Your Children Why They Should Manage Money

You can teach your children how to budget, how to save, and how to shop sales, but if you neglect to teach them why they should do these things, it will doesn’t matter that you taught them everything else. It is important for your children to learn the reasons that money management is so important. This will help to motivate them to do it the right way when they grow older. Here are four things you can do to teach them. 1) You can show your children what happens when money is managed poorly. One way is to give them … Continue reading →

Start Teaching Your Kids about Money

There is never a bad time to start teaching your kids about money. The best approach is to make it a part of their life, just as it a part of yours. Money makes the world go round… or so some people feel. Whatever your thoughts are on money, it plays an integral role in most everything we do. Therefore, the best way to teach kids about finances is to include them. Start first with a piggy bank. Even young kids love the sound of coins dropping in the slot. Then move on to using money for math lessons and … Continue reading →

Why Trust a New Money Blogger?

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I want to start off my blogging experience at Families with a brief introduction as well as a description of why you should trust me. Money is certainly a prized possession, and it should only part your company under the best circumstances. Why should you trust me to give you money advice? Well, let me first start by giving you my background and let you decide for yourself. I am a mother and wife, who is completely responsible for my family’s finances. My husband has no interest in money-matters, so luckily it is a passion of mine. For me, it … Continue reading →