We all grew up with various ideas about money instilled in us by our parents, some good and some not so good. How do we, as parents, model healthy financial behaviors for our children?
I know how tempting it is to buy your child every single toy or book they want, especially around birthdays and holidays whether it's to avoid a tantrum or just because they’re so darn cute, buying your children anything and everything they want doesn’t teach them the value of money.
It can be very tempting to spend birthday and holiday money on one trip to Target, only for your child to be bored with their purchase a week later. Motivate your child to set a goal and save up for it. One of my sons is currently saving for a Nintendo Switch. It's a lofty goal for him, but I know he’ll feel a sense of accomplishment.
I recently took two of my kids to open up an account at...
Do you dread opening your mail? Has your debt gotten so out of control you feel like you’ll never be able to see a $0 balance on your credit card statement? It doesn't have to be this way!
1. Take a cold, hard, HONEST look at your debt. With bills arriving at different times of the month, we can easily have tunnel vision for the true amount of debt we have. Collect all your bills and lay them out. Look at the BIG picture. It may not be pretty but this is a good start on getting real with yourself.
2. Call your credit card companies to negotiate a lower interest rate. This really does work. Explain to your credit card company how you’ve been a loyal customer and would hate to have to transfer your balance to a different lower interest card. (This can also work wonders with internet and cable companies!)
3. Check your credit score. Mistakes do happen. Be sure everything is in alignment...
Hello and welcome! Thank you for stopping by and checking out my latest blog. As a mom and a business owner, I wear a lot of hats. One thing that I have come to realize is that there are a lot of moms out there who appear to have it all together but when it comes to finances, they have more questions than answers.
Money is a fairly taboo topic, socially (and your friends may know even less than you do) so who are you supposed to ask? I created a group on Facebook called Moms Managing Money. It's a safe space to ask questions and receive advice from other moms.
As a Financial Advisor and Financial Analyst, I have a fairly extensive background when it comes to managing money. Still, I'm always looking for ways to improve my knowledge so I read a ton on the subject. Based on the questions asked in our Facebook Group, I will add blog posts with information and resources that might be helpful. This way it will be easier to tag and...