This is entry #8 in a weekly summer series by “guest blogger” and FamZoo summer intern Haley Dwight.
This week, I have just one top family finance pick:
Teaching Kids Financial Literacy by Dr. Michele Borba from her Reality Check Blog
Have you taught your child to track expenses or set a budget yet? If not, you aren’t alone according to popular parenting expert Dr. Michele Borba. Michele shares 7 solid tips for teaching kids about money management from her book The Big Book of Parenting Solutions
I especially like the suggestion to keep a spending log. I keep one for my clothing purchases so I can stay on track with my annual clothing budget and avoid impulse buys. Of course, I keep my clothing spending log in a handy FamZoo virtual account!
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2 comments:
Haley,
You've done a great job blogging this summer. Congrats. Michele Borba is certainly correct in that being a good role model is job one for parents. But it's also important that they set spending limits by learning how to say "No." I touch on that in my post at :
https://ssl.cnb.cnet.com/blogs/bank-dad/wp-admin/post.php?action=edit&post=191
Dan Kadlec
Moneywatch.com
Thank you for stopping by to comment, Dan.
Here's a more direct link to your post:
http://moneywatch.bnet.com/saving-money/blog/bank-dad/five-ways-to-say-no-to-your-teen/191/
BTW: Excellent parental advice in your post. I myself have a "vintage cell phone" (and holes in my jeans ;-)
Cheers,
Bill
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