If fighting about money has become a ritual in your household, you are not alone. Money is a leading cause of tension between couples. Before it goes too far, realize that you both have control of the situation. These steps can help you work together to fix your differences: 1. Know both of your money personalities and create a plan/budget that works. There are three basic money personalities: hoaders, splurgers, and avoiders. Understanding why you treat money the way you do, and Read on...
Archives for May 2011
Teaching Your Teen Financial Strength
Teens crave independence and want to be taken seriously; and, as parents we have to find ways that they can assume more responsibility in a way they can handle. Money just may be the answer. While we make sure our kids learn reading, writing and arithmetic, there is something noticeably absent from their school education, and that is money smarts. Unfortunately, your teen may be able to go through life with little understanding of geometry but no one goes through life without having to deal Read on...
Motherhood, Money and Guilt
I had a dilemma. My husband’s birthday was fast approaching and I had no idea what to get him; the kids were just 12 months old and were too young to make something cute for him. Worse yet, he told me not to get him anything. He didn’t need anything. Seeing how I was no longer earning any money of my own, should I really run out and buy him something he didn’t want, and that he would end up paying for? Times like these made me miss my paycheck. I had adjusted to shedding my professional Read on...