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Don’t Bail Your Kids Out

As parents, our initial gut reaction is to rescue our children. While in many instances, this can be a good thing. When it comes to money, it is usually better not to step in. Kids need to learn from an early age that managing money is their responsibility. Not that mom or dad will bail them out if they don’t have quite enough. Unfortunately this financial reliance on parents doesn’t always go away as children grow. When it comes to money matters, you usually need to teach them to be independent. No doubt kids learn quickly that money can buy … Continue reading →

Teach Your Kids About Materialism

The best financial education you can give your children is far more internal than external. Money habits are skills, but financial good sense is something derived from within. The key process is to help your kids develop a healthy appreciation for money and the things it can buy. Teaching your children to value money and their purchases will greater ensure their success and happiness later in life. Like most things you teach your children, the first step is becoming a good role model. A great place to make this effort is to reduce materialism. In general, this word implies the … Continue reading →

What Love Is Not

Love means wanting the best for someone. It does not mean putting them in a compromising situation, or expecting them to sneak around and live a double life so you can have time together. It does not mean hurting them willfully by forcing them to choose between family and them. They’re all the things that people who have affairs do. And the excuse? They’re ‘in love.’ But I can’t help thinking it sounds more like selfishness because they are more concerned with what they want and getting their way rather than what is best for the other person, and selfishness … Continue reading →

Money Training Begins at Home

I have actually met many parents who are resistant to really teaching their kids about money. Why is that? Some don’t give allowances because they then lose control over what their kids get to buy. Okay, but… how can your kids learn?? Putting your head in the sand about money won’t help your problems or teach your kids. Children need to learn good money management from their parents. Some basic financial concepts taught as early as the preschool years are short-term vs. long-term goals, delayed gratification, value of money and the power of saving. While these sound complicated; they are … Continue reading →

Playing Shop

Over the past several weeks the toy cash register, a gift from Santa Claus for Christmas 2006, has finally been seeing it’s first major action this year. This is as a result of the toy-repositioning project of autumn ’07 (also called never-ending home reconstruction). The cash register has helped turn our home, and virtually everything in it, into a pretend retail superstore – like Wal-Mart only with employee health insurance and really low prices – most everything in our house apparently will cost you somewhere between one and 8 cents! My girl, wife and I take turns playing customer and … Continue reading →

Remember the Date for Money

Today is certainly a day of remembrance and mourning for our country. But, it also can be a day of pride, particularly in terms of money and power. These terrorists didn’t randomly strike the World Trade Center; their intent was to break down the United States power. The power our country receives from its economy. Certainly the immediate effects of the September 11 tragedy caused a direct downturn of our financial systems, but it did not have the devastating results these terrorists had hoped for. If there are any money lessons to be learned from this day, it is the … Continue reading →

Money Week in Review: September 3-September 8

Money is one of the leading cause of marital problems. In Working on Your Finances with Your Spouse, Miriam offers some tips on making it an easier process. She also gives suggestions on what to do if your spouse does not want to get involved in the process. Do Your Lifestyle Choices Affect Your Budget? takes a look at the health choices you are making and whether or not they affect your pocketbook. It is important to realize that our decisions usually affect all areas of our lives, not just one. Debbie offers some great advice on teaching your children … Continue reading →