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Blogger Profile


Bill Dwight

Blog Info

Name:
Family Finance Favs
Category:
Family
Tags:
money, parenting
Start Year:
2016

Blogger Bio

Location:
Palo Alto, California, United States
Age:
50s
Race:
Unspecified
Gender:
Male
Life stage:
DIK (Dual Income, Kids)
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Latest Blog Posts

Tired of reading the same old puff pieces on kids and money in the mainstream media? Instead of boring platitudes from “experts” (some of whom haven’t even raised kids!), how about some real insights from real parents in the new media trenches? Start with these five Family Finance finalists for this year’s Plutus Awards for independent financial publishers. I’ve picked a representative post or podcast from each to help ...
Posted: Oct 12 2017 @ 7:23 PM
You’ve already heard me harp on the virtues of aggressive parent-paid interest. (If not, see here.) It’s my favorite technique for getting kids fired up about saving and thinking twice about spending: “Look at that sweet interest deposit I just got on my card! I’m going to build up my balance so I can earn even more.” Music to my ears. I decided to run some numbers on our ...
Posted: Oct 06 2017 @ 3:19 PM
I remember the time my oldest son thrashed an expensive laptop shortly after I bought it for him. Man, did that grind my gears. I made him pay for the replacement by garnishing his allowance for 18 months. The lesson stuck. That replacement lasted a very long time. That was an effective, yet reactive measure to teach my son to take care of his possessions. A proactive measure would ...
Posted: Sep 27 2017 @ 7:47 PM
“I worry these automated apps and debit cards will cause me to have fewer thoughtful money conversations with my kids.” I hear that a lot. And it drives me nuts. (It almost makes me as crazy as: “Don’t give your kid a debit card, use cash instead.” Nonsense. See my counterarguments here and here.) The automation fear is frustrating because the effect of a well-designed family finance ...
Posted: Sep 21 2017 @ 9:00 PM
My buddy Keith sent me a message this week about an odd $46 Taco Bell transaction on his daughter’s prepaid card: Definitely stolen. [Her card was lifted from her backpack.] I’ll have her fill out the form. On the plus side, had we not had text alerts on the purchases, it would have been A LOT worse. Seeing the alert, they locked the card. We can only hope all ...
Posted: Sep 14 2017 @ 11:01 PM
3,000 miles away from home. Zero friends. Intimidated. Vulnerable. That sums up my first day at college. Picture your kid in a similar situation. Then throw this little wrinkle on top: "I'm sorry, your card has been declined." Great. Add broke to your kid’s list. The card’s app says: “The incorrect PIN has been entered 3 times. A security block has been applied. Please contact the card processor via the ...
Posted: Sep 08 2017 @ 3:16 PM
No doubt your kids have seen the devastating images of families displaced by the brutal floods of Hurricane Harvey. Kids just like themselves have been driven from their homes. It’s sad and scary. Meanwhile, our kids are also witnessing the amazing grace and kindness of citizens pulling together to help those in need. It’s inspiring and reassuring. Even from afar, your kids can be a part of ...
Posted: Sep 01 2017 @ 6:51 PM
“We’re calling about a charge on Johnny’s card. He says he never bought this service.” We hear that a lot at our family finance site. More often than not, Johnny did buy that service. Eventually. Of course, it started out free. And “free” is the only keyword Johnny saw or remembered. Time to teach Johnny to look for another keyword: “cancel”. In fact, here’s a good rule for your card-toting ...
Posted: Aug 24 2017 @ 3:52 PM
“We’re calling about a charge on Johnny’s card. He says he never bought this service.” We hear that a lot at our family finance site. More often than not, Johnny did buy that service. Eventually. Of course, it started out free. And “free” is the only keyword Johnny saw or remembered. Time to teach Johnny to look for another keyword: “cancel”. In fact, here’s a good rule for your card-toting ...
Posted: Aug 24 2017 @ 3:52 PM
It’s back-to-school season. Let’s kick it off on the right financial foot. Whether you’ve got kids headed to kindergarten, elementary school, middle school, or high school, you’ll find an idea or two to try here: Start money conversations by kindergarten with these classic books — The traits, habits, and behaviors that lead to financial well-being start to gel as early as preschool. Here are nine books to get your youngster headed ...
Posted: Aug 16 2017 @ 9:51 PM

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