A friend of mine is blessed with two elementary-aged daughters. He and his wife provide them each a $7.00 weekly allowance with the following parameters: $2.00 is okay to spend, $4.00 should be saved, and $1.00 is to be giving away to a charity. These fortunate children are learning a basic principle for achieving financial […]
spending
This is Your Brain. This is Your Brain on Prada.
Many people believe that a little “retail therapy” is just the ticket for times when they are feeling down or stressed. We all like to get something new once in a while, but for some, the self-pity purchase is made too frequently. If you are one of those people, it might help to know that […]
Money for Millennials
If you are in your twenties, you are a young adult millennial. Your colleagues might attend workshops about how to communicate with millennials, and many of the descriptors aren’t viewed positively. But there are good things about being a millennial! For example, millenials tend to be goal-oriented and good multi-taskers. (Jokela, Hendrickson, & Haynes, 2013) […]
Teach Kids to Manage Money
It’s back to school time! If you have kids, you may be close to finishing up a flurry of shopping. While you’re spending all that money to give your kids a good start to learn this year, are you also spending time to give them a good start with money? Although the money management skills […]