So you decided how much you’re going to pay your kids, what it will be based on, and how you’ll have them divvy up their money. But what about the practical here – how exactly are you going to pay them? After all, if you’re like me, you may or may not have cash for […]
Now that you’ve decided what you’re going to use to figure out the allowance you’re paying to your kids – and how much you’re going to give them – you’re faced with the question of what they should do with it. After all, you don’t want to just fork over a bunch of money for […]
The other day, I took my kids to the bank. They had some CD’s that were maturing, and I was hoping to use the experience to teach them a few financial lessons. Here’s that story – and what I hope they took away from the experience.
Kids and taxes – what do you need to know? Today I’m giving a brief overview of kids and taxation, and talking about the keys you’ll want to keep in mind (and how to help your kids).
Part of having kids is teaching them hard lessons about money. Sometimes parents find it tricky to teach things like deferred gratification, or making wise spending decisions, to their kids without lecturing them. Today I share the story about the role Harry Potter Wizard chess and Hoverballs played in helping my kids learn these lessons.
If you’ve ever tried researching accounts for kids, your head is probably spinning with all the different options available to you. In this article, I break down the various options you have to put aside money for kids, and what each of them is good for.