Posted October 3, 2009 - 08:00 by Xin Lu
A new show named Bank of Mom and Dad just premiered on 9/30/09 on SOAPnet. This show chronicles parents who attempt to reform their financially irresponsible adult children by moving in with them for a week. With the aid of a "money coach," the parents take actions to reform their spendthrift children. Can this financial intervention really work?
Posted September 8, 2009 - 05:00 by Philip Brewer
One of the big advantages that children of the middle-class and wealthy have is that they grow up in a household where a huge amount of financial knowledge is embedded in its day-to-day functioning. Parents teach it, but it's also just there for the child to pick up, almost for free, like language and basic social skills. If you don't get this basic financial knowledge at home, it's possible to learn it other ways--but don't underestimate how much you need to pick up.
Posted February 15, 2009 - 14:18 by Jabulani Leffall
Our spending and money management choices may be influenced by factors we can't control in our own minds as well as factors we couldn't control growing up. You may ask, to what are you referring Willis? Well the question is this: How would Arnold Jackson have faired in his personal finances if not for Phil Drummond or would he have been fine?
Posted June 20, 2008 - 08:01 by Linsey Knerl
I know of parents who don’t ever discuss money with their kids. “They should be carefree at this age,” they claim. Money isn’t an appropriate topic for family conversation at these homes. But is this a cop-out for preparing kids for real life? And are they missing an opportunity to keep one another accountable to a single goal?
Posted June 19, 2007 - 09:09 by Sarah Winfrey
With Mother's Day in the recent past and Father's Day two days ago, I wanted to give credit where credit is due and encourage all the parents out there who are trying to teach their kids about money. Those things you're doing at home? They're working. Your kids are hearing it! Read below for some more suggestions as to what you can do to teach your kids about money. They worked on me!Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.
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