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 … [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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For single Moms who want to rock biz and life
Are you a single Mom who wants it ALL? You want to start a business, raise happy and healthy kids, AND have a life? You can! Watch my recent Mom&Daughters Inc video interview with Kaywanda Lamb. She is a Mom, new Author, and Social Media wiz. But most importantly, she is an entrepreneur who […]
Free biz plan review incontest to win 5k and meet Warren Buffett
I read about a contest recently that I thought was an amazing idea. The Secret Millionaires Club is asking young people ages 7 to 16 to pitch a business idea in exchange for the chance to win 5k and the chance to meet Warren Buffett. Now your young daughter may not be familiar with Mr […]
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!