Guides to help you make informed financial decisions for your kids
Guides to help you raise money-smart kids
From the Blog
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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.
When I first got into non-fiction, I remember reading several self-help books and articles that claimed to add time to your life… literally to every day of your life. How? In a roundabout way, they would tell you to stop watching TV.
Have you ever learned something and thought, “the rest of the world probably knew this for most of their lives, and I was today-years-old when I figured out about it?” We all have. Because there’s a lot to learn. Some big things are going to slip through the cracks.
Minimalism isn’t as much a state of being as it is a goal, but really, it’s a mindset most of all. Minimalism is the opposite of consumerism. It’s intentional ownership. You’ll find that most families who lean towards minimalism are slowly downsizing their life — removing the unimportant to make room for the important.
I see headlines on blogs all the time like, “giving your kid an allowance is the worst thing you can do.” I’ve also seen headlines promoting the opposite. I’ve seen things like, “stop paying your kids for chores,” as well. And I’ve read all of them. They all have something in common.
I grew up in the “we don’t talk about money” generation. Actually, it seems like that’s been every generation. My parents didn’t talk about money, but their parents really didn’t talk about money. Somewhere along the way it became the norm to keep kids in the dark about the family finances.
For decades, debt has been a way of life for Americans. Gone are the days when a mortgage was the only sizable debt someone would take on in their life. Today, it’s not uncommon to see a car payment the size of a house payment from the ’90s.