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5 Reasons Why Teens Should Work (Even if it Results in Lower Grades)

5 Reasons Why Teens Should Work (Even if it Results in Lower Grades) 1

Some parents worry about the double edged sword of teens and work.  On the one hand, there is some research that suggests teens who work might get lower grades.  On the other hand, a teenager who works will probably learn some important life skills.  Should your teen work?  What is more important – grades or … Read more 5 Reasons Why Teens Should Work (Even if it Results in Lower Grades)

Should Parents Have a Financial Double Standard For Sons and Daughters?

Should Parents Have a Financial Double Standard For Sons and Daughters? 3

I have two daughters and one son. They are all quite young (the oldest is four). At this moment when I look ahead to the future I am have the exact same financial plan for each of them. Currently, we financially treat them all the same. We save the same amount for college, buy the … Read more Should Parents Have a Financial Double Standard For Sons and Daughters?

A Game That Will Teach You to be a Cash Flow Maven

The other day I was helping a friend prepare for a personal finance presentation to a group. I suggested that she breaks up her presentation with a group activity so that the session is more interactive. I don’t know if she will use my suggestion or not. However, I want to share the idea with … Read more A Game That Will Teach You to be a Cash Flow Maven

How to Prepare For Car Breakdown and Deal with Roadside Emergencies

How to Prepare For Car Breakdown and Deal with Roadside Emergencies 8

As we approach the vacation season, I want to cover the basics of preparing for roadside emergencies and dealing with car breakdown. I have had my fair share of roadside emergencies and breakdowns. My experience includes minor incidents such as punctured tire, malfunctioned windshield wiper, drained battery, and locked in key. And the more serious … Read more How to Prepare For Car Breakdown and Deal with Roadside Emergencies

College Students Should Take Responsibility for Their Financial Situation

College Students Should Take Responsibility for Their Financial Situation 10

Don’t you find it kind of funny when you hear high school students putting off learning about their finances because they think that’s what college is for? Just by talking to younger relatives and high school students in the community I have noticed that many assume they will learn how to handle their personal finances … Read more College Students Should Take Responsibility for Their Financial Situation

Teach Your Children the Four Pillars of Money Management

Teach Your Children the Four Pillars of Money Management 14

My son is almost a year old, so I am interested in the topic of teaching children about money management. I think teaching them about money can build a solid foundation that will result in a lifetime of financial well being.  I have been reading various articles on this subject and here is my spin … Read more Teach Your Children the Four Pillars of Money Management

Are You Financially Healthy? The 5 Stages

Are You Financially Healthy? The 5 Stages 16

Last night, I was pondering the subject of cash flow (essentially how money flow through our hands) and about financial well being. I played around with various visualizations that consist of income, expenses, debt, and assets. What I came up with was the 5 stages of financial health below. I believe that all of us … Read more Are You Financially Healthy? The 5 Stages