I loved my big bin of mismatched LEGO blocks when I was a kid. I’d look into it and see possibilities. Then I’d pick out pieces and start building. One …
We get so much free stuff. Pens. T-shirts. Bulging-eye monkey key chains. But is anything really free? “The more things we desire and the more we have to do to …
I recently reconnected with a high school friend whose older daughter, Sam, is now in college. When she was accepted Early Decision to her top choice, he immediately realized: “Oh, …
We can help our kids move their consumption sliders over time towards minimalism and away from outrageous consumption.
Identifying the difference between needs and wants is one of the three core money-smart skills. With primary needs met, distinguishing between needs and wants feels more like distinguishing between wanting and wanting more. Needlets can help.
Desire is intoxicating. The dopamine hit we get is in anticipation of the reward. The reward itself is anticlimactic. How can we help our kids overcome desire?
When everyone in the family is in some form of crisis, we need effective ways to navigate the waters. Here are three tactics you can try.
“One-Dollar-Per-Week-Per-the-Age-of-Your-Child” is simple. A parent hearing this piece of information can act on it almost immediately or file it away for easy access when it’s time to start an allowance. Like anything dogmatic, though, simplicity may also be its weakness.
Three “moments that matter” from The Art of Allowance Podcast that will help you and your family on your money-smart journey.
An allowance can help your child develop many skills: learning the difference between needs and wants, setting and saving for goals as well as making smart money choices. Perhaps, though, one of an allowance’s less obvious benefits is that it prompts a hopefully lifelong money conversation with your child.