One of the most important things we do as parents, in addition to teaching our kids right from wrong, is teaching our kids to be financially responsible. Jokes about taking care of us in our old age aside, beginning your child’s financial education as early as possible is one of the best ways to make sure that they will be able to take care of ...
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What You Can Learn from Kids
I love to watch kids play! They are so willing to take chances and push boundaries. It is fascinating to watch how they seem to discover a toy or something for the first time. Have you ever watched a child interact with a dog? They will pet the dog and laugh. Then it goes further until the dog signals he/she has had enough. Children are ...
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How to Prepare your Children for Success
How can parents prepare their children for success! One measure of success is financial! There are personal finance classes, online classes, books, magazines and more. I even wrote about how field trips reinforced financial irresponsibility. It is though nothing has worked before we had all these wonderful resources. It really is not such a ...
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Don’t Shoot the Messenger
In earlier times, the messenger delivered bad news! Don’t blame the person who tells you bad news. Too often, the person delivering bad news is blamed for the news. For many years, I was the messenger! I was the Chief Financial Officer who said profit margins were decreasing or some other performance indicator. As a personal finance blogger, is it ...
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Top 5 Financial Tips for Young People
Financial tips, I wish I knew when I was young. Wait, do young people take advice? When you are young, you feel invincible and you think you know everything! Taking advice is hard at that age, but here goes anyway. I encourage making mistakes and trying different things, but preparing for your future is important too. I have put together five (5) ...
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Money Management Tips for Children
Money management is controlling your personal finances! Money management is the process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual or group. Do you contribute to your retirement? Do you have a budget? Do you pay your credit card balance every month? If you can answer yes to these ...
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What Can You Learn from Kids?
I love to watch children play! They are so willing to take chances and push boundaries. It is fascinating to watch how they seem to discover a toy or something for the first time. Have you ever watched a child interact with a dog? They will pet the dog and laugh. Then it goes further until the dog signals he/she has had enough. Children are ...
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Even More Financial Skills for Teens
April is National Financial Literacy Month; I am continuing my series on financial skills for teens. As a reminder, Financial Literacy is making informed judgments and effective decisions using money. Buying a Home requires some thoughtful planning and know-how. Home buying includes a mortgage and financing. Do I expect teenagers to go out buy ...
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More Financial Skills for Teens
April is National Financial Literacy Month; I am continuing my series on financial skills for teens. As a reminder, Financial Literacy is making informed judgments and effective decisions using money. Decisions about spending and saving will affect your entire life! Learning good habits regarding spending, avoiding debt and savings is very ...
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Financial Skills for Teens
Since this is National Financial Literacy Month, I thought I would start with a definition. “Financial Literacy is the ability to make informed judgments and effective decisions regarding the use and management of money”. Why is it important and when should you learn it? ...
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