You want your children to be great at managing their money in the future, but where do you begin to teach kids about money? From introducing the concept of money to investing, here’s a road map to guide you through the process. Continue Reading
The best tool parents have for teaching financial responsibility is an allowance. Even very young children should have discretionary funds to spend as they see fit. Saving, decision-making, planning, sharing, charity, and responsibility are just some of the lessons that can be taught through an allowance. Continue Reading
For many families, the crisp scent of the fall air is a signal that it is time to start preparing for going back to school. Shopping for new pencils, backpacks and notebooks is always an exciting time for both parents and children alike. Because children have an interest in the things that they are purchasing for school, this is also a great time to discuss how to budget a back to school allowance. When planning for how students will be spending their back to school funds, there are a few key areas that families will want to keep in mind.