Yesterday, an interview I did with Lou Carlozo appeared on WalletPop regarding the debate on whether money should be awarded to kids for getting good grades. Here is a link to the article: http://tinyurl.com/m674ft. Do you have a similar story about rewarding kids for good grades? I’d love to hear what your experience has been.
Kids will always spend your money freely and without thought. But, when it is their money, kids are much more frugal and careful with the choices they make. Teach your kids to truly understand money by giving them hands on experience with the real deal from an early age. Continue reading
Because January 1 was a holiday, the girls did not get their allowance until this past weekend. And, because this was January, they also got a reminder about why they get an allowance. It was a sobering discussion that sent my oldest back to the budget drawing board. Continue reading
