Should You Give Money To Your Adult Child?
What Cleaning House Can Teach Your Kids About Money
Parenting is a lifelong commitment. The long days and nights when they are little. The rocky teen years. And the coaching, counseling, and care that continues even when “the nest” is empty. Most parents of post-college-aged kids will tell you, their “children” still have a lot to learn about life, “adulting”, and money management. Teaching […]
How Your Vacation Can Teach Your Kids About Money
Summertime is a great time to teach your kids about money, because they aren’t in school and may have some extra time on their hands. So, let’s kill two birds with one stone! Cleaning house can teach your kids about money, and can help save your sanity too. Are your kids ever messy? Or is […]
3 Ways to Make Lasting Family Memories
Vacation can teach your kids about money in so many ways. The good, the bad and the ugly all comes out when you are spending time with your family. Maybe it’s the close quarters, maybe it’s because mom and dad see that they are spending WAY MORE than quarters, but whatever it is, take a […]
How to Avoid Raising a Spoiled Brat
Handling your money doesn’t have to be stressful. Your money can actually help you make lasting family memories. The benefit of spending money is an investment in creating memories for your family. How to Use Your Money to Create Small, Medium, and Large Last Memories 1. Small Memories You can go to free events in […]
10 Ways to Guarantee You’ll Pay Your Child’s Bills Forever
By establishing financial priorities, many parents hope to teach their children valuable money lessons — and avoid raising a spoiled brat. We are excited to republish this article by Susan Johnston, which originally appeared on USNews.com, where we are cited.
3 Tips to Turn your Kids into Saving Machines
Does an “empty nest” equal an empty bank account? It doesn’t have to. But a nationwide trend shows over two-thirds of parents over the age of 50 financially supported a child older than 21 in the last five years. The practice is so common psychologists named this period of extended child dependency “emerging adulthood.” This […]
Money Misunderstandings with Your Adult Child?
3 Tips to Turn your Kids into Saving Machines –
According to our research one third of America has a Primary Saver Money Personality (not to mention one third of you have Saver as your Secondary Money Personality). That’s the good news! The flip side of that is that two thirds of us don’t. The old saying “A Penny Saved is a Penny Earned” is easier for some of us to embrace than others. After all, statistically, we are only saving 4.5% of our income for retirement. That’s the adults. Now what about our kids? How do we turn our kids into Saving Machines no matter what their Money Personalities are. (By the way, we are working on a new Money Personality Assessment for kids. Stay tuned!)
The Lego Store!
Have you ever had a misunderstanding with your adult child? About money? We hear that a call home from an adult child is about as frequent as a solar eclipse. Texting, maybe, but still. So when our friend, Brenda, saw her daughter’s name pop up on her phone she was thrilled. It went like this: […]
This year we took our annual family vacation to Disney World. One of our favorite things to do at night is to walk around Downtown Disney. The boys favorite stop is the Lego Store. They love it so much that when we announced our vacation they started saving their money. The Saver and the Spender Cole—our […]