If you have a teen or teens in your home, have you been asked by them for a car?  Have you heard from them that everybody else’s parents are buying their kids a vehicle?

Listen first to our podcast on how to have the “car discussion” before you sit down and talk with your kids.

The purchase of a first car is an incredible learning opportunity for the whole family.  Next to a house, a car is likely to be the largest purchase they will make.  So here are some tips to teach them how to make that purchase wisely.

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One thing is certain – there is a lot of uncertainty around us. One way I am dealing with the uncertainty I feel about the world we are now living in is to be productive. To find purpose in every day. That’s why this weekend I found myself making Chex Mix (a family holiday fav) and mailing it to my girls. (It was a hit, BTW 🙂 .)

The blog you are about to read is not our typical blog. But it’s something we want to share with you – our readers. It is a call to action. It’s also a reminder to remember how we feel in this moment about money. We know that financial education is a critical tool during a crisis. Knowing how to navigate the financial system helps people get loans, get unemployment and manage debt wisely.

Many people, however, are suffering now because they do not have the financial education foundation they deserve. At Money Savvy Generation, we have always felt that financial education is a civil right. And now, more than ever, we see just how important that education would be to so many who are suffering.

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Presidential hopeful Joe Biden shared a story this week on MSNBC about an encourager. His friend told him that his daughter’s kindergarten teacher called all her students and asked them to be at the door at a certain time that day.  She was going to drive by, wave and give them a “shout” to let them know how much she missed each every one of them. It was a three-hour trip for that teacher – all to make her students feel better somehow.  To help them feel a little more normal. Seeing someone that was a part of their daily life that was so abruptly stopped – and to confirm to those children that their teacher was still there, and would see them soon.

Now that teacher is definitely an “encourager”. Someone who inspires others to do something to help. Continue reading

The headlines about our children’s financial future can at times be very sobering. Enormous debt is being hoisted onto the backs of our kids and their kids.

I hate to be harsh, but the reality is life is not and never will be fair. Our children’s world is now going to be very different from ours. It will require them to live more frugally, delay more gratification and have much less as an adult than we, their parents, had. And it is our job to prepare them, to make sure they are prepared to deal with and thrive in this new world order. Now, while they are still under our roof.

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