From the category archives:

Children and Money

Back to School: Make a Budget

by Moneyproblems TipsWed Sep 01, 2010 Budgeting

In this third installment in our Back to School money saving tips series, after you start by Making a List, and then make an inventory of what you already have by shopping at home, the next critical step is to make a budget.
You only have limited money, so it’s probably not possible to buy everything [...]

Tagged as: Back to School

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Back to School: Shop at Home

by Moneyproblems TipsTue Aug 31, 2010 Budgeting

As we continue our Back to School money saving tips, after you start by Making a List, the next step is to Shop at Home.
Your children will need pens, paper, backpacks, lunch bags, and new clothes. You probably already have some of those things already, at home. So, before you venture out to the [...]

Tagged as: Back to School

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Back to School: Make a List

by Moneyproblems TipsMon Aug 30, 2010 Children and Money

Welcome to Tips for Back to School Week here on the moneyproblems.ca Tip of The Day.  Our first tip, as we get ready for back to school: Make a List.
Make a list of everything your children will need for back to school.  They will need clothes, school supplies, and perhaps also other items for their [...]

Tagged as: Back to School

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Thanksgiving Day Special: Stop Helping Your Kids!

by Moneyproblems TipsMon Oct 12, 2009 Budgeting

Studies indicate that parents will financially help their adult children for tens of thousands of dollars over a multi-year period. During these recessionary times, it’s good to be able to help your family. But, remember, if you help out too much, you could leave yourself in a financially vulnerable position.
Never borrow to help [...]

Tagged as: adult children

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Children’s allowance: good or bad idea?

by Moneyproblems TipsFri Oct 02, 2009 Children and Money

All this week we have talked about how to teach your children about money. We left the most obvious topic to the end: should you give your children an allowance?
Today’s tip: If an allowance is appropriate, give one, if not, don’t.
Over the years millions of children have received and allowance, and millions haven’t. Children from [...]

Tagged as: children allowance

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Buying a meal is a great way to teach children money management

by Moneyproblems TipsThu Oct 01, 2009 Budgeting

It’s a great idea to teach your children to budget, but if all your children ever do is use a pencil and paper, they won’t get any practical experience. For practical experience managing money, have them purchase the food and prepare a meal.
Start by setting a budget for the family meal, so $10 [...]

Tagged as: children

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Talk to your children about money

by Moneyproblems TipsWed Sep 30, 2009 Budgeting

Today’s Tip: Talk to your children about money
It’s important to teach your children to budget, but it is even more important to actually talk to your children about money. Pick one day each week, and over dinner discuss a topic about money.
Pick a topic that’s fun, or pick a topic that’s informative, but make [...]

Tagged as: children, money

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Teach your children to Budget

by Moneyproblems TipsTue Sep 29, 2009 Budgeting

Today’s Tip: To teach children about money, teach them to budget.
The essence of money management is a personal budget. If you don’t know where your money goes, you can’t make decisions about where it should go. So, to teach your children about money, teach them to budget.
If you have teenage children, they could [...]

Tagged as: children

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Teach your children about money

by Moneyproblems TipsMon Sep 28, 2009 Children and Money

Today’s Tip:  Teach your children about money.
If you consider yourself to be bad at managing your personal finances, ask yourself this question: did my parents do a good job of teaching me to manage money?
If your parents taught you money management skills at an early age, you are probably good at managing money. If [...]

Tagged as: personal budget

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