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

Family Money

The day that we became parents the whole issue of family money took on a new focus. Not only were we responsible for ourselves, we now had a child to take care of. This sense of responsibility changed not only how we felt about our money situation, but also how we discussed it as a couple. Whether both parents’ work or one parent stays home and the other works, children cost the family money. Usually it is money that was previously used for other things. How can families adjust to this new situation? The most important piece in being a … Continue reading