My teens money management skills amazed me
When our family entered the teenage arena we navigated the typical ups and downs of life with teens. As for their financial skills I had no idea what to expect. It turns out they amazed me with their money management skills. In today’s numbers, teens spend about $2600...
What is the one thing kids need to successfully manage money
Parents expect to give their kids money to spend, but they don’t want them to make spending mistakes. While this is understandable, making mistakes is the one thing kids need to successfully manage their money. Why are parents so protective when it comes to money...
Successful allowances need these 2 ingredients
After years of teaching my kids about money I know that successful allowances need two powerful ingredients. My allowance as a kid failed to prepare me for the real world. Adulthood hit me like a hammer with that never-ending stack of bills. Then came parenting, a...
A no-cash allowance is a successful strategy
Cash allowances started missing the mark decades ago. Teaching kids about money only using cash is definitely out-of-date for today's kids. Using a no-cash allowance is a successful strategy. Now we do more cashless spending than 10 years ago. By the time your...
Basic allowance rules for long-term success for your kids
My allowance as a kid failed to prepare me for the adult world of money. When I became a mother I was not going to commit that mistake. Here are the basic allowance rules I learned for creating a successful experience for both parents and kids. Back in the 1970s when...