A big struggle we face as parents is how to raise our kids to be responsible when it comes to money.
Sure we love them, but sometimes our kids can really drive us crazy – especially when it comes to money!
There is no debating that things have been tough for kids graduating from college the past 8 years. Here is a statistic we recently stumbled across:
“One in five people in their 20s and early 30s is currently living with his or her parents. And 60 percent of all young adults receive financial support from them.” NY Times
You will not believe this…my dad redeemed a 30-year-old ticket at Disneyland when he took my nephew recently. I could not believe it when I heard it. I thought, “This is taking your Security Seeker Money Personality to a WHOLE new level.” Here is what happened…
This article originally appeared on PittsburghParent.com
Does an “empty nest” equal an empty bank account? It doesn’t have to. But a nationwide trend shows over two-thirds of parents over the age of 50 financially supported a child older than 21 in the last five years. The practice is so common psychologists named this period of extended child dependency “emerging adulthood.”
“Reprinted from original article in Your Tango“
Once upon a time, parents feared their children wouldn’t have enough. Now we fear our kids have way too much. You want to give your child every advantage you never had, but where is the line between investing in their growth and happiness and raising an entitled brat?
Happy Halloween, everyone! Candy and fun are in the air — but what does that have to do with raising money smart kids? EVERTYHING ☺ We are excited to share with you a Your Tango article that has been getting a lot of “buzz” and teaching many about the power of observing your kid’s candy eating habits in a whole new way.
By the way, we are starting a new “Raising Money Smart Kids” series. If you have kids or grandkids you don’t want to miss this. Be sure to sign up today.
There is no debating that things have been tough for kids graduating from college the past 8 years. Here is a statistic we recently stumbled across: [Read more…]
According to our research one third of America has a Primary Saver Money Personality (not to mention one third of you have Saver as your Secondary Money Personality). That’s the good news! The flip side of that is that two thirds of us don’t. The old saying “A Penny Saved is a Penny Earned” is easier for some of us to embrace than others. After all, statistically, we are only saving 4.5% of our income for retirement. That’s the adults. Now what about our kids? How do we turn our kids into Saving Machines no matter what their Money Personalities are. (By the way, we are working on a new Money Personality Assessment for kids. Stay tuned!) [Read more…]