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Children And Money

When your teenager gets a job it’s a huge step for them towards being an adult. When Hailey was younger I didn’t really teach her about money management because we didn’t have any left over for her to manage. I tried to set a good example. As a single mother many times I lived hand to mouth but I let her know the importance of paying your bills first, taking care of anything that is a true need, saving some for a rainy day, and then, if there is anything left, getting something you want. When Hailey got her first … Continue reading →

Helping Your Teen Find the Right Doctor

Does your adolescent see a pediatrician? Does he or she see your adult general practitioner? Adolescents have unique health care needs that may need a special doctor. Here are some tips to help you and your teen find the right doctor. Look for an adolescent specialist. This is a pediatrician who has extra training in the issues that can affect teenagers — everything from acne to eating disorders. You’ll have to look hard, though: less than 500 adolescent medicine specialists were certified between 1996 and 2005. Make sure your teen gets some alone time with the doctor. Starting between the … Continue reading →

Six More Ways to Beat Holiday Stress

Sometimes, the holidays seem more like a juggling act and less like a time of celebration. Here are some more tips to help balance out your holiday season and keep stress levels to a minimum. Stick to cash. According to the American Psychological Association, more than sixty percent of Americans say that lack of money is their biggest holiday stress. Leave your credit cards at home so you’ll be more aware of your spending — and less likely to spend money you don’t have. Practice your comebacks. If you always have to face the same questions from family and friends, … Continue reading →

How Much Information About Finances Should We Share With Our Kids?

Money is a rough topic for a lot of families. Many of us were raised in families where open communication about money was NOT the norm, and even if we want things to be different for our own children, we might not be entirely clear on what is appropriate and what is not. Teaching our children about money goes beyond just issuing an allowance—but how much should we actually share with our children about our own personal finances? I don’t know if there is a set rule when it comes to financial information, but it stands to reason that it … Continue reading →

When Should Your Child Have a Bank Account?

There are differing opinions when it comes to kids and bank accounts. Some parents choose to get their child a savings account from a very young age—putting away gift and other money in the account until the child is old enough o start managing it on his or her own, while others maintain that a child should be of an age to take responsibility for the bank account before getting one. Is there a right way and/or wrong way to introduce our kids to the world of banking, saving, and managing money? I am of the opinion that savings accounts … Continue reading →

Would You Give Your Teenager a Credit Card?

Okay, it’s been mentioned at my house–my daughters have asked why “since several of their friends have credit cards,” I don’t get them one! And, I do recall the day I was standing in line at the bagel/coffee shop and a teenage girl whom I recognized as having played soccer with one of my daughters a few years back was buying her super soy latte mocha with a credit card. I had mixed feelings about it. I have mixed feelings about it. I’m eager to find out what the rest of you think… If I had my way, I would … Continue reading →