Take the Teen Money Challenge !

Parents, are you looking for a way to teach your teen how to manage money?
Read On . . . 
 
Teen: “Can I have $20?”
Mom: “Honey, I gave you $20 just two days ago.”
Teen: “But, this, that, and the other thing” excuse.
Mom: “But what about that part-time job?
Mom (thinking to herself): I’ve got to get a handle on teaching him/her spending control and fast.

This conversation, with slight modifications, can be heard in households with teens everywhere.

And "this, that, and the other thing expenses" are coming. . .

How can you use this to your advantage? (be sure to read all the way to the bottom for a mock-agreement you can adapt)

Do The Parent Mental Money Flip and Take The Challenge

Actually, spending can bring opportunity.  Perhaps they have a job. Perhaps they have an allowance for doing things around the house. Perhaps none of these applies and you have them do things around the house but choose to give them...

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Moving? Comparing city/job $ offers? Here's How.

SUMMARY

What to do BEFORE you (or your graduate) packs and moves . . . !

Is someone in your family, perhaps you or your graduating child, considering moving to a new city(s) and contemplating the salary offer(s) involved?

The offer may sound perfect or maybe it doesn't.  Either way, how much buying power does it have when compared to your current city or any other city you might be considering?

Do you want to avoid mistakes, create a leg up on negotiation tactics?  Then this article is tailor-made for you.  

The cost of living varies GREATLY between cities.  One mom of our students said:

"My child was so excited to be heading to CA.  He is working out his spending plan, just like your course teaches, and put in the $ amount it takes to get an apartment - with 4 roommates no less.  I nearly fell through the floor.  His "apartment rent" (just his 1/4 portion) is MORE than my house payment.  My house has a front and back yard, and more square...

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How You Can Know They Are (or are not) Ready for a Debit/Credit Card

SUMMARY

How do you know if your child is ready for a debit or credit card (plastic money)?

 

Money.  Parents.  Kids.  Tension.  Maturity.  Focus.  Responsibility.  Nightmare.

You pick which words to assign to a parent and which to assign to a young adult.  You'll probably select "all of the above" for both.  Much has been written about establishing credit, debit cards, credit cards, and more. 

Even reviewing the contract involved in any financial card of any kind is like someone handing you a Webster’s Dictionary and saying “you are responsible for all of it”. 

Today, having a 'plastic' debit/credit card is a status symbol.  Remember seeing photos of James Dean in his cowboy hat leaning on that car....with that cigarette?  Yes, the status symbols may have changed, but the concept fit even us, our parents, and grandparents.  

Statistic:  Reports say over 50% of college freshman have a...

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