Every day in life we are presented with opportunities for negotiation, and doing it successfully and where everyone walks away satisfied is an art worth learning at a very early age.
Read MoreFollow the story of Goldilocks in her search for an imitation bear skin rug and how she decides which one is just right for her and that buying something because it’s cheap will often make you weep, and to purchase to impress never works out for the best.
Read MoreThe secret behind these 5 secrets is that they aren’t just for kids. Leaders of Fortune 500 companies go through the same thought process during annual strategic planning as well as their daily priority setting. Start forming these habits now in easy, small ways and you’ll be giving your kids quite a leg up in the world!
Read MoreIt feels great when your kids earn their first paychecks in their coveted summer jobs. Their first instinct might be to rush out and spend away. But what happens when school starts? The money is long gone. The best way to make that money last through the year is to set up a budget.
Read MoreEveryone remembers their first car. Loving the freedom of the open road, getting your driver’s license, feeling in control, being behind the wheel by yourself for the first time. It’s an exciting feeling for the teen in your life, but how much should you spend on a car for your inexperienced driver?
Read MoreThe Crisis of Credit Visualized lays out the cause of the financial meltdown in simple animated terms that even your kids can understand.
Read More“But why do I have to wait two weeks?” said my 12 year old son. “O, come on, please! I really want it and I won’t want anything else for a long time!” This was almost a weekly ritual in my house as my son would look through the Sunday ads for good “deals.” We had tried many things, including a mandatory two week waiting period, but nothing seemed to really help.
Read MoreLittle kids are like sponges. All day long, they soak up information. They see dad walk up to a machine in a wall, insert a little card, punch some buttons and out pops green papers. They see mom load up a shopping card with yummy food, give a nice lady or man the same green paper and shiny discs, or yet a different card, and then get to take everything home. This is a wonderful system!
Read MoreOn the back of the One Dollar bill, you will see two circles. Together, they comprise the Great Seal of the United States of America. The First Continental Congress requested that Benjamin Franklin and a group of men come up with a Seal. It took four years to accomplish this task and two years to get it approved.
Read MoreToday’s kids glob on to computer-based programs like it is genetically engineered into their DNA, so dated “tools” like the envelope system we used, piggy banks, etc. don’t capture their attention. And what’s worse, they focus only on the money, and not on what the money can do.
Read MoreCreating money-smart kids doesn’t happen overnight. It’s a skill and a behavior that has to be nurtured over time. The skill lies in learning the value of saving, giving, and spending conscientiously and understanding the difference between wants and needs. The behavior comes from the habits formed in doing these things over time and learning from mistakes.
Read MoreAn allowance is a great means to teach children how to manage money, develop budgeting skills and encourage independence. By giving an allowance and giving the child the responsibility to pay for the things they want and activities they like to do, it helps them see money is a limited resource and they must budget it wisely.
Read More“When it comes to teaching kids about money, the sooner the better” says CNN Money. Early understanding of earning and managing money lays down such an important foundation for your child’s future.
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