Wayne Parker shares a number of insightful ideas for getting through to your teen about managing money. You may already be familiar with one or two, but you may be intrigued by others, such as holding family financial councils (one I found particularly interesting!). He also discusses the importance of understanding and respecting credit, something […]
If you’re looking for all kinds of helpful articles about money, check out the Totally Money Carnival, which features a host of different topics from financial bloggers (including yours truly). Posted weekly, this carnival includes informational articles about personal finance, saving, spending, and shopping. © WealthQuest for Teens, Ltd., 2012 All rights reserved worldwide.
The Zen of Teaching Your Teen Money Skills: Finding Inner Peace While Your Teen Learns to Think about and Manage Money Well
Teaching your teen great money skills isn’t hard? It isn’t a lot of work? It doesn’t require expertise in money management? No…it doesn’t. What’s really hard is: Pretending, hoping, wishing, and dreaming that your teen will be fine without money management skills. Pushing important parenting tasks under the rug. This takes a lot of energy. […]
Happy Friday! Here are some of my favorite reads from the week. I encourage you to take a few minutes out of your busy day to take a peek and get your thoughts churning! 5 Unusual Ways to Raise Successful Children. This is a guest post from Natalie Peace of PeaceAndProfit.com. A brilliant post that […]
Social Worker Carleton Kendrick writes a thought provoking article about why our teens may be big spenders, and the top reason might just be because WE are giving them too much money (and for the wrong reasons)! Check it out! What do you think about this? © WealthQuest for Teens, Ltd., 2012 All rights reserved worldwide.
Should teens learn about money in school? Of course! The whole point of schools is to prepare our children to become productive and active citizens who make informed choices. Imagine a society that produces generation after generation of adults that spend more than they earn, that has little to no financial education, and that looks […]
Have your teen set a financial freedom goal that sounds something like, “I will have $X by age X that will allow me to be completely financially free so I can have _________, be ______________, do _____________, and help _____________ without financial worries or constraints.” Teach your teen the habit of tracking his/her money. Use […]
√ Practice: Does your teen employ a system of money management that has their money lined up with their current needs, wants, future goals, and commitment to the greater good of humanity? √ Talk: Does your teen talk about money with people who can teach them about it? Do you talk about money at the […]
This week we are featuring family wealth/financial parenting experts Jayne Pearl and Richard Morris. Together, they help families navigate through the dysfunction that comes with having wealth. Part of this process entails teaching families how to analyze and understand their money values, something every family should do! They offer the following 10 Tips for Effective […]