My business name is Ladybug Lenses By Lea. I am a young 7 year old CEO named Lea Lawrence . I live in the Bronx New York and my Mom's name is Kenisha. I sell fashionable children's sunglasses. … [Read More]
Welcome to Mom and Daughters Inc
Developing the entrepreneurial mindset in girls who are gonna change the world and create a legacy for their families
Short answer: your daughter needs a financial diary so that she can learn how she spends her money.
Long story: My daughter took a field trip with her summer camp. The camp provided hot dogs, hamburgers and soda. Plus they were buying all of the materials that she needed for the experience. And they were even providing snacks before they returned home.
I gave her five dollars. We had a long conversation that the money was only to be spent on emergencies. We talked about what emergencies are. Why she might have to spend the money. And the importance of keeping it in a safe space.
If you are a parent, you know how the story ends. She spent all the money.
I wasn’t surprised that she spent the money. But if I’m honest, I was frustrated. Frustrated because she couldn’t remember where she spent the money.
Read This: Money Spending for Kids
I know what it is like to be a young girl. I get that feeling of the money is “burning a hole” in my pocket. But as her Mom – and someone who wants young people to take ownership – I realized it was a good teaching moment. I wanted to share a life lesson that my Mom had taught me–how to keep a financial diary..[Read More…]
Does your daughter spend her gift money faster than a speeding bullet? I’m betting that your daughter has received money as a gift. Perhaps birthday. Or the holidays. Or some other special occasion. But does she immediately spend her money? Or does she save a percentage? Let’s talk about how she can game change her […]
I know you want the best for your daughter. But, please don’t schedule your daughter for another Extra-curricular activity, Sport or Dance/Cheer/Competitive (fill-in-the-blank). Because you want her college application to look better. Instead, give your daughter time to explore her interests and make some mistakes. Make mistakes? Yes. Time to learn more about herself. I […]
You might think why does my daughter need sales skills? Along with good grades, shuttling her to afterschool and summer activities, and all of the things that you need to help her do to get accepted to college …you now need to help her gain experience selling things? Your daughter is destined to be a […]