We have talked about budgeting and kept track of how much we spend and what we spend it on. It is now time to move on to developing a budget for our family and also for each individual member of the family. Allowance is one method of helping children learn to budget their money, we will talk specifically about allowance next week, but I loved this post and think this is a concept worth sharing as we consider...
I know it’s Tuesday and the day we should be discussing developing a budget with our children. We will get to that next Tuesday. That gives you time to continue keeping track of your spending habits if you have not already done that. Please, please, take the time to track you spending. The true definition of self reliance must include creative and consistent management of our money.
Today, I believe we need...
Now that you have demonstrated to your children the need for a financial plan and the fact that money has to be managed to pay all the bills, it is time to discuss a budget. Children need to be helped to understand exactly what money is really spent on before they can understand the concept of saving for a big purchase.With the economy floundering this is a great time for you to examine your own budget. This week...
For several years I have been increasingly concerned that as a nation we have been raising children who are more and more dependent on the government or on mom and dad to meet their needs. Now there are thousands of twenty somethings who are having to learn very hard lessons about the relationship between hard work and the rewards associated with that work. They are struggling with some very basic concepts that we...
