I think the AICPA misses the point of allowance by claiming that savings rates are “alarmingly low.” (If I give them the benefit of the doubt, they might have been trying to stir up some controversy — like I’m doing with the title of this blog post.)
“It is so hard for parents to let their kids fail, to let their kids screw up. […] It really is one of the most important things that you can …
“Kids who are consistently bribed and rewarded will spend a lot of energy trying to figure out what they can do to please (or upset) their parents, and they will …
“In this culture or today, we’re taught over and over that one of the best ways to show that we’re successful, one of the best ways to have a happy, …
Keep your system simple, and begin that all-important lifelong conversation about money with your kids. Let them learn the basics and perhaps learn how to use money to “spark joy” for themselves.
“What people do with the […] funding and financing decision on college and where they send kids – you know those financial effects just reverberate for decades both for the …
“If you want to spend the next four years of your life in a place, you have to […] really put a lot of thought into that kind of academic …
I remember when my daughter made her first club soccer team. It was an exciting time and a definite upgrade. Well, certainly an upgrade from her previous coach (yours truly). …
My daughter’s school recently hosted a walk-a-thon. My wife suggested that she donate $25 of her Share jar (more about the three jar system here) money. We looked in her …
“Do you ever pay for your child’s food when she’s out and you’re not with her?” This is what a mom starting up a Breakthrough Allowance wanted to know for …
