Tag Archives: financial issues

8 Things Kids Need to Know about Money

It is never too early to start teaching your children about money. While many parents shy away from discussing financial issues with their kids, this can be one of the biggest mistakes that they make. Instilling good habits and a basic understanding about how finances work can give your child an edge that will stay with him or her for a lifetime. 1. There is a difference between the things that you want and the things that you need. Wants versus needs can be a tough concept for kids to understand, but teaching them that real necessities must be met … Continue reading →

Do You and Your Spouse Deal with Finances Together?

In some marriages, one spouse holds the “purse strings” (or the checkbook and passbook) while the other knows very little about the financial situation or has very little control over it. For some couples, this works fine because one spouse may prefer not to have the responsibility while the gladly takes it on. For other couples money can become an issue of control in their marriage. It seems like there should be a happy medium. Even if one person deals with the bills, balances the checkbook, applies a certain percentage of the household income to savings, and generally takes care … Continue reading →