Extinction Bursts, Patience, Tiara Tips: Weekly Family Finance Picks (#29)

We’re constantly scouring the Internet looking for articles related to family finances and teaching kids good personal finance habits. You can visit the FamZoo delicious page to see our ever growing list of family finance bookmarks. We’re up to 857 now! Each week, we pick our favorite articles from the previous week and post them here.

I have to confess that I skipped last week to relax a bit during the holidays. Slacker, I know! But, I’m back in the saddle with the top picks from the last two weeks along with a bonus video:

Resolve to Weather the Extinction Burst

by Benjamin Garber on The Nashua Telegraph
FamZoo Made Stick Figure Simple: The Problem

Do you find yourself giving in to your child’s whining, crying, or (annoyingly clever) negotiations? Maybe when you’re fielding impulsive purchase requests at the check-out stand or dealing with a refusal to do chores?

Perhaps this article will help you hold your ground. At minimum, you'll add a cool new phrase to your vocabulary — the “extinction burst”. Read about it here.

Slow and Steady Saving Still Pays

Tom walks through a good lesson to pass along to your kids: patience is still a virtue when investing (among other things!). I like the nice clear graphic. See it here.

Parenting Secrets From Behind The Tiara

Melisa dishes up some really excellent parenting messages here. They’re broadly applicable but have specific relevance to kids finance matters as well. I love the consistency, teamwork, and long-term-thinking themes along with the acknowledgement that parenting is hard, hard work. Witty writing, too.

And, for those who have resolved to get started on teaching your kids about personal finance in 2011, here’s a bonus video with some good, practical tips courtesy of Deb Domke from New Horizons Credit Union:

Teaching kids to save Money: fox10tv.com

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