Our Money Management Experiences as Kids

Ten years ago, I would have been confident teaching my peers about personal finance.  Five years ago, I was taking personal finance classes, because I realized that I knew nothing about managing a personal budget, was unemployed and in debt, and desperately needed help.  How did I get there? Since we focus on helping parents teach kids to manage money, …

BretOur Money Management Experiences as Kids

How Pay Jobs Teach Kids to Manage Money

We’ve long preached the wisdom of teaching kids to manage money by using the allowance as a teaching tool, not as tied to chores.  There comes a time, however, when it pays – to pay for kids’ work.  Summertime is prime time for pay jobs. Our kids have summer chores – we’re playing a zone defense on yardwork this summer.  Each kid …

BretHow Pay Jobs Teach Kids to Manage Money

Achieving Financial Glory with Plan B

When I was 16, I told my parents I would be a millionaire by the time I was 23. Not sure where I got that age from, but needless to say, it didn’t happen. I moved on to Plan B. I take that back. Plan B is dead and gone, back in the 90’s. Plan C had a short run …

BretAchieving Financial Glory with Plan B

A Sneaky Savings Plan

I’ve written in the past about the importance of having a separate savings account for your kids – and also about how to provide guidance when your kids start to bring in income from odd jobs. We’ve started something new with our kids that utilizes both of these strategies to create a “stealth” savings plan for them. Starting at age …

BretA Sneaky Savings Plan

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