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…
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…
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.
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…
Excerpted from Beyond the Piggy Bank, a 15-Day Challenge One of the goals for this Challenge is to develop healthy attitudes about money in our children. Since YOU have the greatest impact on what your kids learn about money, it’s important to take a little time to reflect honestly on the money messages you are sending them. Ask yourself the following questions. To help clarify your thoughts, you may want to write your responses down on paper. ~What is my…