We parents are always telling our kids about the importance of money, but are we really talking to them about it?Don't fret. One of our nation's leading authorities on personal finance for young people, Beth Kobliner, appears on the new Modern Dads Podcast to help teach moms and dads how to discuss savings, earnings and more with their children.Kobliner has recently published Make Your Child a Money Genius (Even If You’re Not), a jargon-free, step-by-step guide to help parents of all income levels teach their kids about money. She talks up the highlights of her latest tome while … [Read more...]
Had I just used the profit motive for a less-than-fully ethical purpose? If I had a son, would I have gone to such lengths to justify the charity part of his sale?
+ + +“Can we have a lemonade stand?”As parent, you have probably heard this summery question at one time or another.As a stay-at-home dad, I often helped my two daughters with their many stands during their younger years. To teach them about charity, however, I would insist that 50 percent of the profits go to our local food bank. They enjoyed making a little money, and I enjoyed their … [Read more...]
We all want to treat our children well, but how can we avoid going too far and creating a spoiled brat?Ron Lieber, a New York Times personal finance columnist and author of the recently released book The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money, offers parents the advice they need on this topic while offering tips on setting limits on allowance and birthday presents on our latest Modern Dads Podcast. Lieber also provides some suggestions on saving for college.
* Listen to The Modern Dads Podcast with Ron … [Read more...]
Are you a new or expectant dad who is suddenly finding it expensive raising kids? As Bruce Willis said in Die Hard, “Welcome to the party, pal.”You really have to find ways to keep the costs to a minimum because food, entertainment and clothing in particular can take a big bite out of your wallets. Here are some ways to pinch pennies when there are barely any pennies to pinch: Hand-me-down those clothes Forget about the stigma. That myth went out years ago. Young kids outgrow clothes quickly: some pieces may be worn only once or twice before they no longer fit. Why waste your money on … [Read more...]