Well. Well. Your Child is Asking You for Some Money? What to do? 

Well. Well. Your Child is Asking You for Some Money? What to do? 

Frequently, a youngster asks a parent for money to pay for something vital to that child.
The plea goes like this, “Dad (Mom), I need _______, can you give me the money?” plea. Fill in
the blank with any of many things the kid is pleading for: a skateboard, a football, to go skiing,
etc. Each plea is an opportunity to incrementally shift from simply giving the child the money -
to having the kid commit part of the money from his or her own savings – to loaning the kid
some or all of the money. Done right, the parent gradually instills learning about effectively
accessing money.

Nobody knows you when you're broke

Nobody knows you when you're broke

Privately, one of your buddies shares “I’m broke!” What are you to make of his admission? Seems straight-forward, he doesn’t have any money. Definition-wise, a Merriam-Webster dictionary agrees, going broke means “to spend or lose all of one’s money”. At closer look, it’s more vague than specific. Exactly what is “one’s money” that has evaporated? There are lots of possibilities…

The Budget Planning Retreat: Dialing Down the Stress Level in Money Matters

The Budget Planning Retreat: Dialing Down the Stress Level in Money Matters

Developing a personal budget and annually adjusting it is a mentally taxing, sometimes frustrating, process. Every cubicle of expenses requires some portion of the given funds available. For fixed expenses, the allocations are set to known amounts and the only frustration is how much is left over after making those allocations. Setting the variable allocations requires judgment and the month by month and annual tracking of expenditures in those categories...

3 Different Types of Budgets for People Who Hate Budgeting

3 Different Types of Budgets for People Who Hate Budgeting

The word budget can prompt a lot of uneasy feelings in some people. One reason for this could be that they’ve grown up being able to borrow money from their parents and could simply spend it on whatever tickles their fancy. Another reason for being afraid of budgeting could be because they’re unsure where to start or who to ask for help...

The Starting Line for Having Fun: SAVING MONEY

The Starting Line for Having Fun: SAVING MONEY

What’s one to do when after paying all the bills there’s nothing left for the fun things in life? You want to travel. You want to attend a major sports event. Fill in the blank: You want to ______.   Lacking spare funds or facing debt needs and worries amidst a wish list of need-to-do and like-to-do things is not fun at all! Getting out of that ditch and affording to enjoy some “smell the roses” activities takes a game plan. I have one and its playbook works. In a series of articles, I’ll be sharing the plays in it. Saving money is the starting line in the game. My Golden Rule of Saving is the finish line. Let’s start moving down the