If your daughter loves to write, you'll want her to watch the Mom & Daughters Inc. interview with Madison McIntyre! Madison realized that there were few books telling stories that she … [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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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 […]
Did you spend ALL the Christmas gift money?
Did your daughter get a few cash gifts from friends and family? Good! After she’s written the thank you notes, consider this idea: Save Some Spend Some Invest Some One of the most powerful lessons for our young people – how to handle money. If they learn the lesson at a young age, it’s muccccchhhh […]
How Your Daughter Can Earn Cash from the “Technically Challenged”
Does it seem that your daughter is glued to her smart device? Does she laugh at technically challenged adults because, she a whiz when it comes to operating smartphones, tablets, laptops, or even computers? In the post-Christmas/Holiday season, there will be technically challenged adults receiving gifts. They won’t have a clue about how to operate […]