Smart guidelines for teaching your teen about managing money

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 […]

How to Talk to Your Teen about Money in a Way that Matters: The Ultimate Guide, Part 1

Not so easy, eh?  What makes your teen willing to be in a conversation about money is that you are willing to: Make it real Make it matter Make it last Those are the Three Pillars of Parenting Teens with Great Money Skills.  If it isn’t real, if it doesn’t matter to them, and if […]

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. […]

1/6/12 – This Week’s Roundup

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 […]

Think about WHY you give money to your teen before you do it!

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.

Can We Really Trust Schools to Teach Our Teens All They Need to Know about Money Management?

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 […]

Top 10 Most Important Things Parents Can Do to Raise Teens with Great Money Skills

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 […]

Checklist for parents raising teens with great money habits and attitudes

√  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 […]

Top 10 Tips for Effective Financial Parenting

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 […]

The Importance of Goals

“The method of the enterprising is to plan with audacity, and execute with vigor; to sketch out a map of possibilities; and then to treat them as probabilities.” Christian Nestell Bovee Learning to think about and manage money is exactly like learning to think about and reach ANY goal in life.  It requires the same […]