Teach Kids to Set Financial Goals – Video
Here’s the next in my Kids and Money video series: Setting Personal Financial Goals
The Mystery Charge – A Teachable Moment
The cell phone bill came in. It was a little higher than usual, not by much, but enough to get me looking for the reason why. I consider the cell phone bill a fixed expense. Technically, it’s not since there is always the possibility that we could go over minutes at which point the charges skyrocket. I know this. Two teenage boys with their first girlfriends and, well, let’s just say they finally understood what I meant by girls can…
How Does a 15-year old Save for a Car?
Ryan just bought a car. And she’s a beauty, too. 2002 baby blue (uh, metallic blue) Toyota Prius with only 57,000 miles. Owned by a 91-year old grannie who used it mostly to drive to church and back. No kidding. Problem is, Ryan can’t drive it; never mind he doesn’t have his license. He barely has his permit. And taking an online course to get his permit happened after he bought the car. How does a 15-year old with no…
How To Encourage Kids to Save Money
This is the first in a series of Kids and Money Quick Tips videos that I will be putting together. This first one is on getting kids in the habit of saving money.
Kids Earning Money? Set Up a Roth IRA
I took Nathan and Ryan to our broker this morning to discuss Roth IRAs. Both boys have jobs and I thought it was time to have them begin thinking about their retirement. John and I decided to match any money they made this summer, dollar for dollar, and, well, my boys have never been known to turn down free money. They were all in. I could have easily set up their custodial accounts online but I wanted the boys to…