Do your children earn an allowance for helping around the house (doing chores)? If not, then listen up because they should be.
During my more than 20 years as a Certified Financial Planner, I’ve heard plenty of reasons why a parent doesn’t want to pay an allowance for kids doing chores. Just none of them make sense if you are looking at the deeper meaning behind paying an allowance. Read More
Recently I was watching a TV program where a camera crew provided a behind the scenes look into one of the top college football programs in the country. This show does a great job of capturing the demands of being a college athlete, as well as, a college coach, on and off the field. In this episode, the head coach addressed his team after it just barely won a game against a smaller program. Read More
Every day I see more and more evidence that we are totally stupid when it comes to money, and I’m not sure we’re going to get smarter any time soon. For example, according to the National Foundation for Credit Counseling’s (NFCC) “2015 Consumer Financial Literacy Survey”, 41% of adults gave themselves grades C, D or F with regard to their personal finance knowledge, 29% have not saved anything for retirement, 34% have no savings, 60% do not have a budget and 24% do not pay their bills on time. Read More
Growing up, my Dad would always tell me “You don’t understand it right now, but doing your chores is good for you.” How is the world was it good for me? Sure, I received a small weekly allowance (small by today’s standard) but there was no way that cleaning my room, mowing the grass or taking out the trash, was linked to some bigger plan. Right? Read More
The other day I was walking through the mall with my 17-year old daughter and we got onto the topic of speaking French. She has had two years of the foreign language in school, so naturally I figured she was about ready to move there and fit right in. Instead, I was shocked when I heard she couldn’t speak or understand much of it. Read More
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