In many ways I guess I’m just like any other father. If you’re the father of a little girl she’s probably the apple of your eye. Good thing for me I’ve got two eyes. I’ve got two little girls who clearly are my little apples. Watching both of our girls grow up has been an interesting [...]
Archive for the ‘Kids and Money’ Category
Daddy’s Little Girl Learns a Money Lesson
Posted in Kids and Money, tagged allowance, budget, merit money, money personalities on August 1, 2011 | 1 Comment »
When is Enough, Enough?
Posted in Kids and Money, tagged financial expectations, financial obligation, parenting, responsibility, risk, traditions, values on July 28, 2011 | 1 Comment »
Weaning adult children off parental financial life support Most parents take the responsibility of raising children seriously and with the best intentions. From a deep sense of love and duty, we provide for and protect our children. How each family provides varies based on traditions, values and means. The whole point of parenting is to [...]
Money Lessons for the Kids
Posted in Kids and Money, tagged change jar, consumption, money lessons, money management, savings account, spending cash, wants on February 18, 2011 | 2 Comments »
Life has a way of coming full circle. My parents revel in the fact that I now get to enjoy some of the “joys” of parenting I provided them. In my youth I had almost no understanding of money, more specifically that it was scarce. That isn’t to say we didn’t have anything. My parents [...]
Secure Your Mask – Is Helping Your Children Ruining Your Retirement?
Posted in Budgeting, Kids and Money, Values, tagged Baby Boomers, boomerang kid, financial advisor, gift giving on November 17, 2010 | Leave a Comment »
When talking with baby boomer clients about their biggest challenges in recent years, there’s no surprise that adult children are often near the top of the list. For many baby boomers, adult children can represent one of their biggest expenses. This can manifest itself through increased gifting, helping with mortgages, rent, child care or other [...]
Do You Think Money Grows on Trees?!
Posted in Kids and Money, tagged money management, money personality, National Money Talk Night on September 10, 2010 | Leave a Comment »
Okay. It finally happened. I became my father. Even today, I can hear the words ringing in my ears as they fall off of dad’s lips. So there I was a few weeks ago packing to go out of town on a trip. In the midst of packing, my daughter turned my attention to a [...]
Talking about Money
Posted in Kids and Money, tagged checkbook, credit cards, financial discussion, Investments, National Money Night Talk, responsibility, savings account on August 31, 2010 | Leave a Comment »
According to Capital One’s Annual Back-to-School Shopping Survey, “Half (53 percent) of teens polled say they want to learn more about how to manage their money. More teens say they would prefer to learn about money from their parents over friends, reading a book or taking a personal finance class….” This year’s Capital One survey [...]
Never Let a Good Crisis Go to Waste
Posted in Kids and Money, tagged Banking, budgeting, credit, investing, National Money Talk Night, personal finance on August 25, 2010 | Leave a Comment »
Over the last several years, we’ve heard this slogan numerous times, most famously by White House Chief of Staff Rahm Emanuel. While the slogan has its positive and negative attributes, there’s one area where we all need to take heed. If there are any silver linings to the economic downturn, it’s the spotlight that has [...]
Kids and Money
Posted in Kids and Money, tagged budget, National Money Talk Night, saving on August 25, 2010 | 1 Comment »
Every summer, my nephews spend a week with me – we call it Camp Aunt G – and I’m always shocked at their blatant disregard for money. They lose games and toys with no care. “Aunt G, we can just buy another one, duh!” They leave half empty cokes all over the house and just [...]
Financial Issues for Your Children
Posted in Kids and Money, tagged fiduciary responsibility, income tax, investment income, Kiddie Tax, Lifetime Learning Credit, tax return on August 24, 2010 | Leave a Comment »
We all spend time dealing with our personal financial and tax issues and these can be overwhelming at times that we sometimes forget about these same issues for our children. We start a savings account (an UGMA perhaps where we are the custodian for our child) when they are born and we put all their [...]