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]
From the Blog
LadyBug Lenses By Lea – Mom & Daughter interview
Madison’s First Dollar – Mompreneur interview with Ebony Beckford
Mom Ready to meet Ebony Beckford, author of the best selling book, Madison's First Dollar? This was the first Mompreneur interview for Mom & Daughters Inc and it is a special moment indeed. … [Read More]
Girls of Decision – Mom & Daughter interview Nashima and Nia
The name of the our business is called Girls of Decision aka G.O.D. My daughter and I run this business together and provide workshops. Our mission is educate local girls on … [Read More]
Slay it Proud with Janiah – Interview
It's not easy to start a business. But smart entrepreneurs know you need to ask questions. Our most recent interviewee, Janiah, started with a powerful question of "What If?". You don't want to miss … [Read More]
Ewaoluwakitan’s K4 Talent Show and Baking Business – Interview
8 year old Ewaoluwakitan started several businesses including : *K4's talent shows*K4's yummy snacks and drinks*K4's paracord bracelets and accessories Check out the inspiring interview of how … [Read More]
Why Does My Daughter Actually Need a Financial Diary?
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..
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Don’t spend all of your Christmas/Holiday money!!
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 […]
Don’t add another activity on your dghtr’s calendar
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 […]
Why you need to teach your daughter sales skills
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 […]