Would you like to subscribe
to the FamZoo blog?
We will send you an email whenever
there is a new post.
ENTER YOUR EMAIL ADDRESS
close this window
on | LEAVE A COMMENT!

You Want To Buy What?! Write Me A Proposal

Request For Purchase Proposal

The whole point of allowing your kids to manage some of their own money is to learn basic financial skills through firsthand experience. Learn by doing. Often, that means learn by failing too. Making a bad financial decision and living with the consequences is a powerful teacher. Like the time my daughter blew her annual clothing budget on a Nieman Marcus chiffon gown for the prom. Going cold turkey on clothing for the rest of the year left a far more indelible impression than any preemptive, eyeball-roll-inducing lecture I could have given.

So, does that mean you should let your kids buy anything they please with their money?

on | LEAVE A COMMENT!

Teens And Cars: 5 Frugal Tips From A Motor City Auto Critic And Car-Toonist

Teens And Cars: 5 Frugal Tips From A Motor City Auto Critic And Car-Toonist

Henry Payne knows a thing or two about cars. He’s the auto critic for the Motor City’s Detroit News and an amateur race car driver. He also knows a thing or two about teens. He raised two of them. You might also recognize Henry as the artist behind FamZoo’s iconic tiger. So who better to ask for advice when it comes to cars, teens, and money?

Here’s what Henry has to say when it comes to helping your teens keep their car habits on track financially.

on | 2 COMMENTS

The Top 10 Family Finance Tips from Financial Literacy Month

The Top 10 Family Finance Tips from Financial Literacy Month

April is over. That means Financial Literacy Month is over too. Let’s hope the conversations linger though. Make thoughtful money conversations with your kids an ongoing activity.

Why? As Ben Franklin said:

An investment in knowledge pays the best interest.

Looking for some fresh conversation starters? Here are the ten most popular topics from Family Finance Favs last month: