by Lynne L. Finch | Jan 4, 2018 | Homeschooling Financial Education
When our kids were pre-schoolers I decided to teach them about money and responsibility. Then when I didn’t have enough cash to pay their cash allowances. I grabbed a piece of paper and wrote their allowance as a number. That was the beginning of what would become...
by Lynne L. Finch | Apr 5, 2017 | Homeschooling Financial Education
Teaching children financial literacy is important, yet it is not the complete solution. Children need to learn money management skills that give them competency. What’s the difference between literacy and competency? Literacy is knowledge. Therefore, knowing...
by Lynne L. Finch | Jan 18, 2012 | Homeschooling Financial Education
‘Tis that time to make resolutions. My bank sent me a newsletter with a financial checklist for the coming year. Let’s wander through the list and put it in perspective for an average person. Identify your financial goals for the year. What is a financial goal? Buy a...
by Lynne L. Finch | Jan 4, 2012 | Homeschooling Financial Education
A perennial question for parents is, “Do you pay for chores?” Kids need money in order to practice making money decisions. For that reason I am a strong proponent of paying kids for some chores, but not all of them. Kids get money from several sources with chore...
by Lynne L. Finch | Mar 15, 2011 | Homeschooling Financial Education
Do parents control kids money choices? According to a T. Rowe Price survey, 94 percent of parents who give an allowance say they talk about how it should be handled. The result? A majority of kids sometimes spend it all at once and 39% always or sometimes ask for more...
by Lynne L. Finch | Mar 2, 2011 | Homeschooling Financial Education
When parents describe their kids’ money habits to me, they quickly label them as either a spender or saver. Granted, spending and saving are the either-or when it comes to money. But the decision to spend or not to spend is an important for kids. Apply the same...
