There are three important things that I learned while teaching my kids money smarts. Money Smart Lesson #1: There Is Very Little That We Truly Need My kids chide me about my old car — a 2002 Honda CRV. Following soccer practice, my daughter asked why I don’t get a new car (like […]
I was chatting with a friend today. She said, “I know you’re intense about your allowance, but…” I stopped her. “We’re actually not all that intense.” (Cue my kids rolling their eyes.) Why? Because we’re parents and with lives. Financial education for our kids is obviously important for our kids. But like any parents, we […]
For some reason, I used to ask my seven-month-old “Who’s the Champion?” I’d raise her fists like Rocky Balboa. I’d do it once or twice a week for my own entertainment. Then, around her first birthday, I asked her, “Who’s the Champion.” Without hesitation, she raised her arms to the sky. Kids are […]
My Granddad was one of the most money-smart, money-confident people I ever met. I’m dedicating my upcoming book on allowance to him. His best piece of advice to me was to “live beneath my means.” I haven’t always followed it, but I was typically better off when I did. Nevertheless, it’s great advice. Please […]
Rather than overthink your exact plan of action, just find a simple plan and get started. Need a simple plan? Here you go. Don’t get too caught up in the allowance/chores debate to the point where it paralyzes you. Your child needs to practice with money to become money-smart. An allowance will help her […]
