Many parents think that discussing money issues with children is not okay. However, I completely disagree. Now, let me clarify that statement first. If you are having severe money difficulties, or you are going through something that might cause your child extreme worry or anxiety (perhaps having a house foreclosed on, or a car repossessed), it is best not to discuss this with a child. They will not completely understand how big all this is, and they will undergo an extreme amount of worry and fear, wondering when things will start being taken away from them. However, in the same … Continue reading →

Teaching our children to save money, is certainly not an easy task. In fact, it is one that sometimes requires careful planning and a whole lot of repetitive discussing. Children don’t come programmed understanding finances and budgets. In fact, they come programmed with a “I want that” attitude. Completely normal. But how do you break your child of their I want that attitude, and work on teaching them to save money? It isn’t as hard as you think. It entails several different steps or processes and it means keeping at them consistently. Children learn by watching and also by doing. … Continue reading →