Boomerang Kids: When Kids Move Back Home

A recent survey by the Pew Research Center finds that 13% of parents with grown children say one of their adult sons or daughters has moved back home in the past year. There’s even a term for this:  Boomerang Kids.  You watch them fly away into the big world beyond, and then they come right back home.  This recession has …

BretBoomerang Kids: When Kids Move Back Home

Allowance: The Tax Man Takes a Bite!

There’s a lot of things that you can teach a kid when you start giving him an allowance to manage, not the least of which is the impact of tax and other withholdings on a paycheck. By all means, please start out by handing over the entire allowance at first – preferably in cash.  We did this with our kids …

BretAllowance: The Tax Man Takes a Bite!

Back To School? Time to Teach Money Lessons at Home

I don’t know if you’ve looked at what kids are learning about money in school these days, but it’s pretty bleak.  If you want your kids to be successful in managing their money, it’s time to start looking at ways to teach money lessons at home. From the UK, we have news that more  than a quarter of teens didn’t …

BretBack To School? Time to Teach Money Lessons at Home

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