Are your kids gritty? I don’t mean all-day-beach-adventure gritty, but mentally gritty? Grit is a learned character trait. It’s something that separates the ordinary from the extraordinary. So what exactly is grit?
It’s never too late to raise your financial IQ, and it’s definitely never too early. If you haven’t taught your teen anything about money, there’s still plenty of time.
For three months out of the year, Friedrich-Engels-Bogen, a nursery in Munich, Germany, takes away all of their kids’ toys and leaves them with only tables, chairs, and a few blankets to play with. At first, this may seem cruel, but on second glance, it’s proven to be an effective way to encourage children to make their own fun.
Budgeting is a simple concept that can be difficult in practice. We all know the basics of what a budget is, but most people don’t follow one.
Weekly planning is easy when it’s just you — when you’re the only person you have to worry about. With the blessing of a family, comes the difficulty of creating a schedule that works for everyone.
Investing isn’t something we’re taught in school. In fact, finance in general usually isn’t taught in school. I don’t blame the schools, because most teachers don’t feel qualified to teach such a class. There are plenty of other reasons why finances aren’t taught in schools.