Board Game Teaches Teens About Spending

Check out this neat board game that teaches teens about smart spending.  What could be more fun than that?  The winner is the teen that not only generates income and makes positive financial decisions, but also effectively manages their time and does good for those around them. http://www.youthpreneur.net/shop/product.php?productid=16151&cat=0&page=1&featured Advertisements

The Goal Has Been Set…..Now What?

Once a goal has been set, the next thing to talk about is HOW to make it happen. How DO you make it happen?  You ease into it.  Get interested.  Get committed.  Picture the end result.  How does it feel?  What’s it like?  What doors opened? Take baby steps in the direction you are going.  Deal with […]

Change Begets Change

WealthQuest for Teens’ programs teach teens that their habits and attitudes determine net worth. If you want to change how much money you have, you must change your habits and/or change your attitudes.  The two are interconnected.  Darren Hardy sheds light on the concept beautifully in this article: http://www.successmagazine.com/your-head-whats-in-determines-whats-in-your-wallet/PARAMS/article/1342/channel/22

Money Talk 101: The First Conversation

Having the first money conversation with your teen might take some skills and preparation in order for it to go well. Remember, the most important part of the discussion is about long-term money goals.  When I talk to my students about their money goals, the first thing I learn is their belief in what they think […]

What Will You Do About It?

I had a really interesting conversation with a father of two teens the other day.  He is committed to teen financial fitness, not just for his kids, but for all young people.  He said that when he talks to other parents about how they are teaching their kids money skills, he hears people say, “Teenagers […]

Get Started Early!

You can begin to instill good money management habits when your children are young.  FamZoo is a family friendly web site that helps parents teach children the practical skills they’ll need to thrive in the real world.  Children learn by using tools such as a virtual family bank and family checklists. Learn more about FamZoo at http://www.famzoo.com/.

Talk Amongst Yourselves!

Money goals intimidate people! Instead of setting them, we would often rather avoid the whole subject altogether.  Maybe that’s part of the reason why we don’t like talking about our money.  I suspect it may be something else, however. I think we don’t talk about money because we’re embarrassed.  If I have less money than […]

Turning the tables: Do YOU have great money skills?

Parents play a large role in helping their teen to develop good money management habits.  Most of it has to do with simply being a suitable role model. For some tips on how to accomplish this, check out the following article from TheMint.org: http://www.themint.org/parents/model-money-smart-habits.html

Parenting Teens with Great Money Skills: The First Step to Reaching the Goal

In the last post, we looked at one of the most important and revealing conversations you can have with your teen:  A discussion about his or her ultimate financial goal. Once your teen has established a financial goal, the next step is to teach him how to reach that goal over time, and to help […]

Financially Literate or Financially Fit?

Do we want our teens to be financially literate or financially fit? Do we want them to have a lot of information, or do we want them to have great money habits: saving, spending, earning, investing, giving, and learning?