Does simply giving the grandkids money or gift cards also leave you feeling disconnected or even unappreciated? Try Grandma K’s successful strategy: Focus on investing rather than spending! Grandma K usually gives her grandkids certificates for birthdays, Christmas and graduations—certificates for shares of stock, not gift certificates to spend at the mall. It’s a great idea that…
teaching kids about money
Kids investing? How grandparents can help.
A grandmother once asked me what she could give her grandchildren who had everything already – toys, clothes, electronics, you name it… And this was one thoughtful grandma! She wasn’t looking for just any gift to wrap up. She wanted something memorable…something valuable. Sure, cash or gift cards were quick ways to get an easy…
Do you have a nest egg?
Easter egg hunts are sooooo much fun when you’re a kid…oh, the thrill of racing to scoop ‘em up. But hunting to find a big enough nest egg to afford retirement? Not so much fun. In fact, it can be downright discouraging or depressing. If you don’t want to scramble later for financial independence, consider some simple…
Are You the Bank ATM for Your Kids?
We’re coming upon the biggest retail season of the year…with plenty of opportunities for kids to get “the gimmes.” If you’re feeling like your kids’ ATM and dispensing cash for entertainment, snacks, gifts or trinkets, why not use those “Dad, can I have…” moments for mini-money lessons? Handing over money for the “want of the day,” maybe…
The lemonade stand: Entrepreneurial Skills in Kids
If your kids beg to start a lemonade stand this summer, don’t take it lightly. Consider how your encouragement may kickstart an interest in entrepreneurship for these biz wiz kids! Parents and family members can help cultivate entrepreneurial skills in kids early on. Though a small business may be highly profitable, it likely doesn’t employ a…
7 Reasons to be a Habitual Saver
The power of saving is underestimated today. True, several years of dismal interest rates on savings accounts has caused many consumers to ignore the benefits of learning to be a saver. Even some who regularly socked away something have abandoned their steady savings habit. We’re thinking….what’s the point? But whether you are a student or retiree,…