Want Your Kids Gone? Gotta Let Them Fail!

“I hope when my kids are in their 30s, and I’m in my 60s, that they come back to live with me for a few years.” Said no parent, ever. Why are so many kids moving back home?  And why are they now moving back home not in their 20s, but now in their 30s? A recent Pew analysis of …

BretWant Your Kids Gone? Gotta Let Them Fail!

Eight Reasons to Hate Your Mortgage

I used to have a lot of respect for The Wall Street Journal.  They’ve got some pretty smart writers there.  I saw an article recently, though, that blew my mind.  The gist of the article is revealed in the title: “Nine Reasons to Love Your Mortgage: There’s an Upside to All That Debt” There are no reasons to love your …

BretEight Reasons to Hate Your Mortgage

Kids Can Contribute to an IRA! No, Really!

Believe it or not, your kids can be making contributions to an IRA (Individual Retirement Account) at any age – provided they have some income. The benefits of having an IRA are awesome: investments grow tax-free in these accounts, so they get the full benefit of compound interest without taxes getting in the way. Kids also have the option of …

BretKids Can Contribute to an IRA! No, Really!

Wants vs. Needs: Teaching Kids About Money

Things Nobody Needs

One of the most important things we can teach our kids – whatever their age – is to recognize the difference between a “want” and a “need.”  Mastering this one simple concept can have a profound impact on future financial health.  Additionally, it’s not enough to simply recognize the difference; it’s important to be unashamed to call a thing what …

BretWants vs. Needs: Teaching Kids About Money

Psst! Your Kids Are Probably Spies!

In case you haven’t realized it yet, I thought you should know:  If your kids are anything like mine, they are probably spies.  They might as well have a direct line to the NSA. They’re always watching you, monitoring your movements, your spending habits, and your conversations.  They are profiling you.  It’s not because they have some nefarious plans to …

BretPsst! Your Kids Are Probably Spies!

Do What I Do, Not What I Say: Balance Your Checkbook!

Do you balance your checkbook every month?  Actions speak louder than words.  It may be trite, but it’s true.  Your kids are watching what you do, and they’re much more likely to make good choices if you’re modeling those good choices for them. How often do you balance your checkbook?  What’s your attitude when you’re balancing your checkbook? We ask …

BretDo What I Do, Not What I Say: Balance Your Checkbook!

Quarters at Dairy Queen: Teaching Little Kids to Earn Money

Treat Sheet for Dilly Bar

Eight years ago when we started our kids on a budget we had no idea what we were doing. We decided we wanted to teach our kids to earn money, but we really weren’t sure how it would all turn out.  So we pushed through and figured it out and, for the most part, it went really well. But our …

TracieQuarters at Dairy Queen: Teaching Little Kids to Earn Money

What Caused Me to Kill My Kids’ Allowance?

Last week we held our annual family meeting (details were given out in our June newsletter, which you can still receive by entering your email in the box to the right on our site), and I threw a surprise on the table that shocked everyone: I told them that there would be no allowance paid this summer. I’ll admit, it was a …

BretWhat Caused Me to Kill My Kids’ Allowance?