Parenting Plan: What Do Parents Want Most For Their Kids?

We talk to a lot of parents.  If you’re reading this, I’m guessing you’re a parent.  One of the questions that frequently comes to my mind is “What do parents really want?” Is it even possible to answer that question?  I mean, there are a lot of different types of parents out there – and there are a lot of different types of kids, with their own set of needs.  Is there a single (or …

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Think Your Kid Understands Money? Think Again!

  Piggy banks, chore charts and job magnets: all popular ways to teach kids about money. In fact, most parents introduce their kids to money using one of these methods. It’s how I got my first introduction to saving and spending. Those methods might work when kids are four, but too many parents haven’t transitioned their kids to the next level. Have you? Do you have a teen who knows how to fund a savings …

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What makes a $60,000 family budget remarkable?

Ryan Broyles may not be a household name. In fact, as a mom who no longer has football players in the house, it is almost guaranteed that I would have never heard of him. Except for one thing. Brolyes, a wide receiver for the Detroit Lions, is doing something very unusual for a professional football player.  He’s living on a family budget of just $60,000 a year. While that may not seem like a big …

Sheepish reminder: Talk to your kids about money (especially theirs)!

Last year our youngest son started school out of state. There’s a story behind this, but before you ask, No, we didn’t send him away and No, he didn’t do something wrong. He’s actually a terrific kid and letting him go there was one of the hardest things I’ve had to do as a mom. He was 14. During the year, I was pretty impressed with the way we found to communicate with each other. …

Clear Your Family Calendar: Introduce an Activities Allowance

Using an Activities Allowance

You can feel the excitement in the air: mothers can almost taste the freedom that arrives when the kids go back to school. Gone are the long days of summer when moms are responsible for entertaining kids. Soon, routine will set in and families will happily return to the safety of the calendar. Not so fast: let’s fast forward to that Thursday night in October when you’ve got three kids who need to get to …

Squeaky Instruments and Teaching Kids About Money: Almost the Exact Same Thing

So you’re no good with a budget. Maybe you hate thinking about money. So what? As parents we do a whole of things we don’t love: Wiping out the nooks and crannies of the high chair Wiping little behinders to avoid a painful rash Listening to them learn a new instrument Investigating the source of that awful smell! Here’s the deal. There are very few* people who L-O-V-E, love, LOVE working with budgets and spreadsheets and …

When $100 Makes You Rich

$100 bills

When Bret first told me we needed to start budgeting I was, um, slightly resistant. You can read more about that here. It probably isn’t going to happen that way with your kids. At least at first. “$100?” I’m going to get $100 a month? That’s so cool!” Our son leapt off the couch and started to do a sort of strange 8-year-old boy version of a fist pump. “I can’t wait to tell my …

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Teaching Kids to Manage Money is Just One Important Skill They Need to Learn

Why is it so important to teach your kids about money? I mean, there’s the financial benefit, sure. But what does that really mean? What does it mean to have a kid who’s financially literate? Who understands money? For most parents it means a feeling of overwhelming relief. Relief that they won’t have to worry that their kids will be broke in their early 20s. Relief that they won’t be asked to bail out their …

Will Your Child be Rich?

Will Your Child Be Rich?

Tracie and I have spent a lot of time and energy trying to teach our kids how to be smart with money.  We’ve spent still more time trying to turn all of that material into books, classes, videos, worksheets, and exercises.  But what’s it all about?  Why are we doing this?  I read another blog today that answered this question: We want our children to be rich.  Rich not just with money, but with time, …

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Saying No Doesn’t Make You a Monster

One of our kids was recently invited to take a trip with a couple of buddies. After endless discussion and planning, dates were approved and the plan was set. The friends and their parents know that our kids are on a budget. They may not understand why we’re doing it, but they respect our plan for which I am grateful. At least they appear to, who knows what they really think! 🙂 That’s why it …