When you teach your kids about money, a lot of your effectiveness comes from how you deliver your messages. Overall, what you say should be positive, but there are a few phrases that routinely slip out of parents’ mouths. Here…
When it comes to buying, putting down money isn’t just about what you need. It’s also about want you want, and the reasons behind those wants can be extremely complex, fulfilling multiple psychological needs. This doesn’t just apply to adults—kids…
Much of what you will focus on in your child’s money education is “nuts and bolts” or “how to” stuff, such as teaching your child how to read a bank statement. There is another part of money education that gets…
Foster children have very specific needs when it comes to learning about finance because they typically don’t have the same resources available to them that biological kids in stable homes do. These children shouldn’t be left by the wayside. Foster…
In the past, divorce and remarriage were something that people seriously frowned on. Now, however, step-parents are just as common as biological ones. This is not necessarily “right,” or “wrong,” but you should be aware that a blended family can…
The news that parents are spending and are in debt by now is nothing new. What experts are still a little surprised at, though, is how much kids are spending, too. Many of them are scratching their head about why…
Financial literacy isn’t just a personal issue. It’s a social issue, because many people are in need of financial assistance. This is where you can teach your child not only to manage funds and other assets, but to have a…
One of the biggest financial lessons your children will have to learn is that, in most cases, money is something people earn. It doesn’t magically grow on trees, as the saying goes, and the amount of effort put into a…
As much of the world strives to keep themselves afloat financially, a common song financial experts are singing is that you should live within your means. Kids (and many parents) often have trouble understanding exactly what this phrase means, however….
These days, divorce is relatively commonplace. In the United States, for example, over half of all married couples call it quits, says the Centers for Disease Control and Prevention. This relationship option sometimes can truly be the best route in…