July, 2017

Allowances Don’t Teach Your Kids About Money – You Do

July 20th, 2017
Allowances Don’t Teach Your Kids About Money – You Do image

Many parents tell me they feel guilty about allowances. They aren’t consistent about when and how they give their kids money. They wonder if allowances should be tied to chores. Even how they dole out money can be a problem. Cash is easiest, but much of what kids want to buy — downloads of a favorite show, a toy on Amazon, a realm in Minecraft — requires plastic. I’ve used our daughter as a guinea pig to test all kinds of allowance systems and apps, starting when she was just 3. We started with divided piggy banks that had sections [ read more ]

Enjoy Your Summer Vacation — Without Maxing Out Your Credit Cards

July 6th, 2017
Enjoy Your Summer Vacation — Without Maxing Out Your Credit Cards image

School is out, and summer is upon us. It’s time to let loose and have some fun. That sounds great in theory, but it can be horrible for our finances if we aren’t careful — especially when it comes to taking summer vacations. For many people, travel is a significant part of their summer budget, but reckless spending while on vacation can wreak havoc on their finances. People often spend more when on vacation, perhaps because they get caught up in the moment or simply because things are more expensive than at home. So what can you do this summer [ read more ]