It's a hotly debated topic. Should you GIVE your daughter an allowance? Let her earn it? Or should you wait until they start earning their own money? I'll leave the final decision in your hands. … [Read more...]
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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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Sweet Dream Girlz – Teen entrepreneurs interviewed
It’s easy to be inspired by other entrepreneurs. Especially when they are smart and successful young female entrepreneurs showing the world what’s possible! And so I introduce you to Brea and Halle Holmes – a sister team of young entrepreneurs who started their own skin care line. Read below and get inspired! And if you are […]
Why selling GS cookies is a game changer
It’s Girl Scout cookie time!!!!! Selling and buying cookies is much bigger than just raising money for a local troop. It’s about empowering young skills for life. What exactly do they learn? Oh let me count the ways…. OK I’ll just list three to get you started!
Khloe Kares – Interview with Mom & Daughters Inc
Tell me your name and your business name Khloe Thompson and my business is Khloe Kares What does your business do? Khloe Kares is a nonprofit organization where we distribute “Kares bags” to the homeless community. Our bags have over 25 items in them filled with bare necessities that homeless women would need How did […]