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So You Want to Teach Your Children Personal Finance. Some Dos and Don’ts to Maximize Your Success. | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2010/02/21/so-you-want-to-teach-your-children-personal-finance-some-dos-and-donts-to-maximize-your-success
Money Masters’ Blog. February 21, 2010. So You Want to Teach Your Children Personal Finance. Some Dos and Don’ts to Maximize Your Success. 8212; moneymastersfoundation @ 8:49 pm. Today’s blog is a little different. I’m not providing you with specific information about a single topic. Instead I’m offering general suggestions for you to follow no matter what financial topic you’re addressing with your children. Encourage your child to save for expensive items. Try to understand your child’s point of view.
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Top 10 Reasons Why Youth Need to Be Taught Personal Finance | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2009/04/23/top-10-reasons-why-youth-need-to-be-taught-personal-finance
Money Masters’ Blog. April 23, 2009. Top 10 Reasons Why Youth Need to Be Taught Personal Finance. 8212; moneymastersfoundation @ 7:13 pm. Will make better decisions in general. Will understand financial risk. Will learn how to live within their means. Will know how to manage their bank accounts. Will understand how to use debt responsibly. Will be less likely to be used or swindled by financial professionals or con artists. Won’t have to learn this stuff the hard way, like we did as adults.
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More Hints To Teach Your Children About Money | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2010/02/07/more-hints-to-teach-your-children-about-money
Money Masters’ Blog. February 7, 2010. More Hints To Teach Your Children About Money. 8212; moneymastersfoundation @ 11:14 pm. Is there something you currently pay for, but your child could provide for him or herself? If so, you may wish to implement something like the following mother did:. If a plan like this is to work, however, you have to be firm. For example, do not make the lunches yourself or give your child more money to buy lunch at school in addition to keeping the original lunch money. Follow...
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Managing Bank Accounts With Your Children | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2009/12/14/managing-bank-accounts-with-your-children
Money Masters’ Blog. December 14, 2009. Managing Bank Accounts With Your Children. 8212; moneymastersfoundation @ 6:24 pm. Give this a try. You will find that managing finances is a lot like learning to drive. Children need their parents’ patient guidance when preparing for their future independence. 1 Comment ». Comment by John Lanza. 8212; January 11, 2010 @ 1:49 pm. Feed for comments on this post. Leave a Reply Cancel reply. Enter your comment here. Address never made public). Create a free website or...
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The Importance of Discussing Personal Finance with Your Children | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2009/11/22/the-importance-of-discussing-personal-finance-with-your-children
Money Masters’ Blog. November 22, 2009. The Importance of Discussing Personal Finance with Your Children. 8212; moneymastersfoundation @ 10:01 pm. Leave a Comment ». Feed for comments on this post. Leave a Reply Cancel reply. Enter your comment here. Fill in your details below or click an icon to log in:. Address never made public). You are commenting using your WordPress.com account. ( Log Out. You are commenting using your Twitter account. ( Log Out. Notify me of new comments via email.
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Should Teenagers Have Credit Cards? | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2010/03/09/should-kids-have-credit-cards
Money Masters’ Blog. March 9, 2010. Should Teenagers Have Credit Cards? 8212; moneymastersfoundation @ 7:06 pm. Nonetheless, I have a credit card (see example above) and gave each one of my sons a credit card when he turned 16 with two very strict rules attached. These rules are:. Only use the credit card for emergencies. Pay the balance in full every month. Notice how the rules I set for my sons’ credit card use are the same ones I live by myself. How has this worked for me? Leave a Comment ».
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One Way to Teach Children (Even Very Young Ones) About Saving and Spending | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2009/12/02/one-way-to-teach-children-even-very-young-ones-about-saving-and-spending
Money Masters’ Blog. December 2, 2009. One Way to Teach Children (Even Very Young Ones) About Saving and Spending. 8212; moneymastersfoundation @ 9:44 pm. Have you ever been in a store with your child when s/he had a complete meltdown because you refused to buy something s/he saw and wanted? Do you give in to quiet your child so you can finish your shopping? Do you say no and continue shopping with a screaming child? The good financial habits taught using this technique include learning …. Leave a Reply ...
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Money Masters' Blog | Just another WordPress.com weblog | Page 2
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Money Masters’ Blog. March 6, 2009. Economics and Young Adolescents. 8212; Tags: Business. 8212; moneymastersfoundation @ 3:08 pm. I received this article from the National Middle School Association and think it includes a number of good points. Economic Issues and How They Affect Young Adolescents. Adolescents may feel things are spinning out of control. Eventually internalizing what is happening around them, they could even feel their family’s economic problems are partly their fault. Some may ...Young...
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Children’s Allowance: Yes or No? How and Why? | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2010/04/26/childrens-allowance-yes-or-no-how-and-why
Money Masters’ Blog. April 26, 2010. Children’s Allowance: Yes or No? 8212; moneymastersfoundation @ 8:13 pm. Many parents struggle with whether or not to pay their children an allowance . I know I did. Even worse, I vacillated. Sometimes I would give my children an allowance and other times I wouldn’t. I learned I shouldn’t have done that. What I recommend instead. If. You decide to give your children an allowance ,. Teaching Money Management Skills. Income versus gift. Are you. Spending versus saving&#...
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Financial Scams and Tips to Avoid Becoming a Victim | Money Masters' Blog
https://moneymastersfoundation.wordpress.com/2009/11/24/financial-scams-and-tips-to-avoid-becoming-a-victim
Money Masters’ Blog. November 24, 2009. Financial Scams and Tips to Avoid Becoming a Victim. 8212; moneymastersfoundation @ 4:17 pm. Tips to Avoid Becoming a Victim of a Financial Scam. IF SOMETHING SEEMS TOO GOOD TO BE TRUE, IT IS TOO GOOD TO BE TRUE! Avoid anything that is too good to be true at all costs no matter who the source is, even if it’s your best friend, a trusted financial advisor, anybody. Never give out personal information via email. Leave a Comment ». Feed for comments on this post.