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)
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?
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
At an early age, it is difficult to teach children about money. Learning comes much more easily when it is fun. Game nights are a family tradition in many households and throwing in one of these board games can combine fun with a little financial education. The board games provide the basic concept for what … Read more 3 Great Board Games to Teach Kids About Finance
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
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
Question My husband and I have $36,000 in credit card debt with an average interest rate of 6.7%. We can only make minimum payments on this debt. We have about $3,000 in savings and are 30 years old with 3 children, the oldest is in kindergarten. We both work part-time 12-18 hours a week, and … Read more Should I Buy a House if I am in Debt?
Question Hi, My wife and I both work and have good steady jobs. We have fallen into debt the last few years. I have looked all over for a place to tell us what to do to get back on track. I just want some advice on what to do, Do you have any place … Read more Need Help With Debt? Here are Some Advice on What to Do
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
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