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Category: Children

My Advice: Educate Your Kids on Finance Outside of the Home

My Advice: Educate Your Kids on Finance Outside of the Home

Financial literacy has been a hot topic in recent years as an increasing number of young adults enter the workforce with student loan payments and a lack of proper financial training. While more states are requiring every student to take a financial literacy class to complete high school, parents are still largely responsible for teaching their children about money. It’s a Hard Subject to Find In Schools Very few states make high school students learn about economics or personal finance,…

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Why I Don’t Mind Paying Our Kids for Chores

Why I Don’t Mind Paying Our Kids for Chores

There is a great debate about whether or not you should pay your kids for chores. On one hand, they do live there and have a responsibility to contribute, but on the other hand, it allows them to earn some money for themselves. It could teach a valuable lesson about working for money, but maybe it could backfire. Who knows? It just depends on how you teach personal finance along the way. My wife and I are firm believers, and…

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How I Am Teaching My High School Children about Personal Finances

How I Am Teaching My High School Children about Personal Finances

Personal finance is something that I believe should be taught in school, but it probably isn’t taught as it should be. Because of that, I decided to take it on as my own responsibility to teach my children about personal finance. While my children are not in high school just yet, I will begin to teach them everything they need to know before they graduate into the world on their own. You may not think personal finances are as important…

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