Take this experience shared with me by a reader: She was giving her 5- and 6-year-old children a fake dollar every time they were good and created a store at home where her children could use the fake ...

Every parent desires to raise independent children, who can overcome life's obstacles through effective money management skills. At what stage should you begin teaching children about financial ...

An individual’s ability to manage money effectively and make good decisions about finances does not just happen. It takes learning new habits, unlearning bad ones and relearning the right ones. For ...

Chores have always been a part of family life, but how families distribute them makes a significant difference. When household responsibilities are rotated among family members, it helps build ...

Source: Carl Pickhardt Ph. D. At any age, responsibility is very simple and very complicated to practice. You have to act in three challenging ways: By owning decisions (the challenge of honesty) By ...

A good friend of mine passed away recently. In his will, he left me a couple of items and some money, and I’d like to share the money with my son. He is 25, and a good kid, but he is still impulsive ...

We all want our kids to be financially successful, and that means starting early to teach them the value of money—and with hands-on experience. “If we don’t,” says Beth Nowak, founder of Giving ...

I’m a mom of a 19-year-old teen boy who has really experienced the ups and downs of adolescence. Some of these are standard for his cohort (pandemic quarantine isolation), while some are more unique ...

Nearly one-in-three parents have discovered their child has made an online purchase without permission, with kids’ most expensive unapproved shopping sprees costing families about $170 on average.