Take this quick quiz and see how your views and strategies on allowance compares to other parents’. Take the quiz.
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UNDATED (KTHV) — Linda Tucker of the Consumer Credit Counseling Service was a special guest on Today’s THV at 6:30. She offers expert advice on the touchy subject of kids and money.
Kids and money. This relationship offers special challenges to parents. Linda Tucker, of the Consumer Credit Counseling service, offers valuable advice on the subject. It begins with an allowance. She says to start small, and as the child grows, at some point parents should institute the rule of thirds. Watch video….
All Donations Support Kids Financial Education.
When financial expert (and budding entrepreneur) Alison Griffiths was 14, she borrowed money from her dad to start her own dog grooming business. Alison used the cash to purchase business cards, clippers, and supplies. Although she couldn’t have known it at the time, that loan was also laying the foundation for a career helping others feel more comfortable about managing their money. Read more.
One of the most important life lessons you can teach your children is how to manage money responsibly. According to Dave Ramsey, author of “Financial Peace,” bankruptcy rates are increasing at a dangerous speed. The money skills your children learn when they’re young can prevent them from adding to those bankruptcy numbers when they become adults. Read more…
We all want our children to do well in school. Good grades lead to good opportunities that, in turn, contribute to a good adult life. For that reason, it is only natural that we should want to encourage our children to do their best academically. But what is the best way to encourage academic excellence in children? What kind of reward is “right” for teaching children about the value of bringing home a report card with high marks? There is some debate over whether or not parents should offer monetary rewards in exchange for good grades. Should your children receive money for good grades? Take a look at these pros and cons and decide for yourself:
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