Are you sacrificing too much for your kids – giving them what they want now and forgoing what you want the most? Today on the site I’m talking about when we parents don’t put on our own financial oxygen masks before putting on our kids, and giving some tips to help you focus your spending on what you truly value. Also looking for your suggestions for saving in the comments!
kids and money
Economic outpatient care will disable – not enable – your children. Always remember that you’re not raising kids. You’re raising adults, who happen to currently be children. Act accordingly.
Lots of parents are out there looking for good, creative ways to get their kids interested in saving and investing, particularly for retirement. After all, a top regret of people who are older is not starting saving and investing early on. Today I’ll share the strategy my parents used to get me to open my first IRA as a teenager, one I still have to this day.
Parents often struggle to teach their kids about money. For the past four and a half years, my kids have each owned a share of Disney and a share of Nintendo. Lets see how those stocks have performed over time, and how I use them to teach my kids basic investing concepts.
Not all our money decisions need to make economic sense. When my oldest son was in tears over the breaking of his great-grandfathers Timex, my husband and I knew we had to fix it even though it cost more to fix than replace. Learn about how we had to locate the one person in the US that fixes heirloom Timex watches, and making decisions from the heart instead of the wallet.
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.