Did you hear about this story? It reminded me that there is HUGE value in nudging the entrepreneurial spirit in our daughters. A young teen in North Minneapolis had the police called on … [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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Why you want to have the retirement conversation with your daughter
Yes, you heard it correctly. Teaching your daughter about savings will benefit both of you. She’ll learn life long principles and you’ll save more in your OWN retirement. #Intergenerationalwealth baby! How do you get her started? 1. Open a fee-free savings account. This step helps her start thinking long term to save money from holiday […]
How to get a business started when you are low on funds
Are you a young woman with a great business idea but low on the money you need to get started? Let me help you out! You have a few options:
Send your dghtr to Teenpreneurs this year! Scholarships available.
If you have a teen ages 13-17 who is interested in entrepreneurship, I highly recommend you send them to this year’s Black Enterprise Teenpreneurs Conference! It’s a great way to network with other like minded teens, hear from successful entrepreneurs in a small group setting (where any question is fair game!) and get challenged to […]