Welcome back to our five part series on making your money work harder! This series is part of a BIG conversation I had with J where we talked about other ways to invest his money beyond the Bank of Mom. In part 1, we talked about savings accounts, in part 2 we discussed savings bonds […]
The post Having “The Talk” About Making Your Money Work Harder: Part 3 – CDs ...
(I know technically I’m in the middle of a series — on making your money work harder — but it’s my one-year blogging anniversary!! To commemorate the occasion, I penned a few thoughts.) Last year at this time, I was working a job that I hated. I was bored and underutilized and every day dragged […]
The post Reflections on One Year of Blogging appeared first on National Bank of Mom.
Welcome back to our five part series on making your money work harder! If you remember, this series is part of a BIG conversation I had with J where we talked about other ways to invest his money beyond the Bank of Mom. In part 1, we talked about savings accounts and now here’s a […]
The post Having “The Talk” About Making Your Money Work Harder: Part 2 – Savings ...
I’m really excited to start this post today! J and I had some great conversations this weekend that I will write about in a five-part series on Making Your Money Work Harder. First, we reviewed how we’ve already started making our money work harder by saving. If you’ve been around for awhile, you know the […]
The post Having “The Talk” About Making Your Money Work Harder: Part 1 appeared first ...
Today’s post comes to you from my son, J! He’s here to talk to you parents about kids who spend all their money. Does your kid like to spend his or her money once they get it' If so, here is a tip for you. First, every time a kid gets his or her allowance, […]
The post Kids Spending Money appeared first on National Bank of Mom.
Have you ever heard a friend or relative say, “I’m bad with money.” (Or maybe you’ve said it yourself.)
Maybe you think that one can either be “good with money” or “bad with money.”
If you’re “bad with money,” that’s just the way it is. You can’t change it, so you might as well live it up!
Beyond the scope of money, you may also think you’re “not creative” or “bad at math” ...
Several weeks ago, my sister sent J a gift in the mail — the Harry Potter Lego Dimensions Team Pack. J is a HUGE Lego fan, so naturally Legos are a great gift for him.
When he received them, however, he told me that he didn’t have the rest of the parts necessary to use them. Apparently you need a starter pack, and oh, it’s available for PlayStation 4, PlayStation 3, Xbox ...
For over a year, I have been paying J interest at the Bank of Mom.
He started with $45.00 and earned $1.35 the first month. (I pay 3% monthly.)
This month, he’s up to $231.99 and earned $6.76 in interest.
I print and email him a copy of the statement each month. (He has his own email address and when I send the statement, I add other notes and tips. Hopefully he will ...
Back in March, we went on a road trip and J calculated how much we spent. I thought it was great for him to be able to see exactly how much a vacation really costs.
So when we went to Virginia Beach a few weeks ago, I wanted to have him calculate the cost again, with a few tweaks.
During the trip, we collected all receipts in a folder. We didn’t attempt to ...
Allowances. To give or not to give. It’s a hot topic.
To put it simply, I think there are three main camps:
Don’t give it at all. I already feed, clothe and shelter you.
Give it unconditionally. Here is some money and it is yours.
Give it conditionally, based on desired actions. Here is money for completing X chores, getting Y grades, etc.
Subscribe to the second item, unconditionally. With caveats. (I realize that ...
Posted: Aug 11 2017 @ 10:57 AM
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