Archive for 'Teaching Money Smarts to Your Kids' Category

Mom’s Financial Advice

By Linda Leitz - Last updated: Tuesday, October 20, 2015

When I was growing up, my mom would say and do things that taught me important life lessons. Some of what I learned from her was about money.   Living on what you make – Mom was a single, young adult during World War II. She didn’t make much, but managed to live on what […]

Financial Skills for Kids

By Linda Leitz - Last updated: Friday, September 18, 2015

Like any life skills you teach your kids, it takes time to give them good information and to allow them to have experience. The benefits with be long term for you and to give them good information and to allow them to have experience. The benefits with be long term for you and for them. […]

Six Tips for Raising Money Smart Kids

By Linda Leitz - Last updated: Monday, August 4, 2014

Remember that experience is better than lecturing.  When your kids are ready to learn about money, let them make some financial decisions.  It might be as basic as choosing between      an ice cream treat and a soda. That might not seem like a financial decision, but it teaches the concept of relative value because the ice cream and […]

Allowance

By Linda Leitz - Last updated: Tuesday, April 1, 2014

Giving your kids an allowance is a great way to begin teaching them about money. It’s also a good way to cut some spur of the moment spending out of your budget. Kids can start learning about money surprisingly young – sometimes even preschool age. But for most kids, it makes sense around the first […]

Experiential Learning for Parents

By Linda Leitz - Last updated: Tuesday, September 1, 2009

Parenting is an art as much as a science.  What nurtures creativity and responsibility in one child may breed wanton disregard in another.  What is a great instructional tool one day is seen as useless and starts an argument the next.  And while there are many helpful and well documented methodologies for parenting, the best […]

Putting Your Money Where Your Mouth Is

By Linda Leitz - Last updated: Thursday, November 13, 2008

People who have a passion manifest it in how they live their lives.  This manifestation often comes in the form of deeds rather than words.   An example is Scott Staub.  I don’t really know Scott – just sat next to him on a plane.  But we chatted during our flight and got to talking […]

Part of the Whole Package

By Linda Leitz - Last updated: Thursday, July 31, 2008

Teaching kids about money is only one element of parenting.  But it’s part of a whole package.  Everyone – including parents and including kids – is going to have strengths and weaknesses.  We all grow as individuals if we can build on our strengths and do our best to mitigate our weaknesses.  Child need parenting […]

When to Start Allowance

By Linda Leitz - Last updated: Wednesday, July 2, 2008

Parents want to know when the right time is to pay allowance.  It’s sort of like knowing when the right time is to get married or have kids.  It depends on the family and on the individual kids.   For most kids, when they are aware that things cost money, they’re ready to have some […]

5 Tips for Raising Money Smart Kids

By Linda Leitz - Last updated: Thursday, February 21, 2008

Remember that experience is better than lecturing.  When your kids are ready to learn about money, start letting them make some financial decisions.  It might be as basic as choosing between an ice cream treat and a soda, but let them decide and let them know it’s about deciding what to get, not getting everything […]

The Money Pet

By Linda Leitz - Last updated: Tuesday, February 12, 2008

We’ve all heard about a house or other project that’s a major “money pit”.  While not as widely recognized, there are also “money pets”.  If you’re a Pet Person, you’ve probably had at least one in your life.  It’s the stray that never leaves and becomes a part of the family, developing health problems that […]