Don’t feel guilty! I didn’t know how else to start this post except to just say it. Are you feeling guilty that this Christmas with money a bit tight, you’re not going to be able to buy the kind of gifts your kids want? Or you can’t afford that vacation or the tickets to Disneyland? […]
My 20-year-old daughter earned a little money working as an intern for an engineering firm this summer. As she had to decide where to spend her hard-earned money, it was an exercise in clarifying her values while learning more about herself. She had no qualms about spending a sizable amount of money taking her little […]
How to stretch our dollar, spend wisely, and use our money to live our strong family values.
In this series on Teaching Children About Money, my practice is to maintain the primary control of money for my children while they are young. I don’t give allowances to my kids. I pay for everything they need and, within reasonable limits, just about everything they want. Both my parents and my husband’s parents raised […]
As I mentioned in the last post, I don’t give my children allowances. There’s no right or wrong about allowances. We just chose not to. However, I started this year to give my 13-year-old daughter a small budget. She keeps track of the credits and debits in a check book register that I got from […]
In previous generations, kids were expected to work for their own spending money, and even to contribute to the family’s needs. Later as parents, they, understandably, wish their children to have an easier life than they had by making it possible for their children not to have to labor as they did. Unfortunately, this has […]
I love to read. I just finished reading a book that my sister recommended, Falling Leaves by Adeline Yen Mah, a true story of her life. Adeline was born in the 30’s and grew up in an affluent family in China. Â As the youngest of five, their mother died after giving birth to Adeline. Carrying […]
Walk through the front door of my house and you will see that I am obviously not an organized person. We have stacks of stuff on every horizontal surface, including the floor… “Mom, where is my report card from last year?” “Mom, where is my vaccination record?” “Mom, when was the last time I had […]
Would you like to give gifts that you don’t have to wrap? In fact, it doesn’t even cost you any money and it’s very meaningful! What can be better than that? Here they are: 1. Give a compliment. The cashier has been on her feet all day, and everyone in the long line is probably […]
What do you hope your children will be like when they grow up? We want them to have a good education, be financially secure, settle down and have a good family, right? Have you thought about wanting your children to be compassionate people? Merriam-Webster defines compassion as “sympathetic consciousness of others’ distress together with a […]
