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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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Using Cricut to Help Your Daughter Make a Mini Business During the Quarantine
Things have come to a standstill due to the COVID-19 pandemic. Schools have been closed, companies shut down, and many encouraged to stay or work from home. Young girls are among the most affected people during this quarantine period. As a mother, you can train your daughter to try new things like the cricut machine […]
No plans this summer? Free time IS good!
Are you upset because your daughter has too much free time this summer? I get it. You want your daughter on the “college” track. Sooooooooo…. she should be highly scheduled attending camps, events, and activities,etc. It would give her more stories. More bullets on her resume. And she will look more “well rounded” for her […]
Afterschool activities are not enough for college
Your daughter has to know how to sell what’s she has gained from her experiences I’ve encountered many students who have a long list of activities on their resume. Leadership experiences. Volunteer experiences. Work/Internship experiences. Social clubs at school. Some were life changing. Some were just something they showed up to once a week. And […]