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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

Do you ever share your money mess up stories with your kids? I think it’s helpful to do so. It reminds the kids we’re all human. Your candor demonstrates it’s safe to confide in you about their own inevitable money stumbles. The benefit? You might just nip a problem at the bud before it snowballs into a full-fledged financial disaster. So here’s a money mess up I just shared ...
Posted: Aug 28 2018 @ 2:28 PM
Your daughter is off at college. Your son is at his stepfather’s house for the weekend. Your family moved recently. Your youngster hasn’t learned your street address or zip code. You may soon be hearing: “Dad, my card doesn’t work!” Why? The address verification system used by VISA, Mastercard, Discover, and American Express. Kids need to know that almost every debit or credit card has an associated address ...
Posted: Aug 02 2018 @ 9:38 PM
Here’s a restaurant riddle for you: Your teen takes a date to a restaurant. The bill comes for $40. Your teen’s prepaid card has a current balance of $47. Your teen hands the card and the bill to the waiter intending to pay a total of $46 with tip included. The waiter returns with the card and informs your teen that it has been declined. Embarrassment ensues. Why ...
Posted: Apr 26 2018 @ 7:37 PM
Are you struggling in the parenting trenches right now' Battling to convince your kids to do chores regularly, or to save patiently, or to give thoughtfully' This excerpt from my conversation with Andy Hill on his Marriage, Kids and Money Show might give you some solace. Andy: Some people are listening right now, and they’re saying:“This is all well and good. It sounds like you guys have some kids ...
Posted: Apr 10 2018 @ 11:09 PM
“Mom, Taylor took more than half the ice cream!” “Yeah, but Haley had more last time!” “No I didn't!!” “Yes, you did!!” “Moooooommmmmmmm!!!” Here comes the judge! You know the drill. It’s dispute resolution time. Never pretty. What if the kids just resolved these little kerfuffles peacefully themselves' Yeah right. Well, maybe it’s possible... A dad named Jon K. shared this clever conflict resolution hack on Facebook: We try ...
Posted: Mar 29 2018 @ 3:01 PM
Chris Browning loves personal finance. Of course he does. He’s an accountant. But he hates all the complexity and technical jargon that prevents “normal” people from taking action. For example:I’d like to see every eligible W2 earner make a non-tax deductible contribution in the amount that is the lesser of one’s taxable earned compensation (not adjusted gross income) and the allowable limit set by the ...
Posted: Feb 13 2018 @ 11:45 PM
.bignum { font-size: 200%; } h3 a:link, h3 a:visited { text-decoration: underline; } Resolve to teach your kids personal finance skills in the New Year! Not sure where to start' Pick a few tips from this top-ten list. My 10 most viewed family finance tips from the last 12 months are: 10. Offer Kids A Savings Match With Strings AttachedEncourage your kid to save by offering a matching ...
Posted: Dec 30 2017 @ 12:54 AM
Parental controls are all the rage when it comes to prepaid card apps built for kids and teens. Get an activity alert every time Junior spends. Require approval before Junior makes a purchase. Lock the card if Junior needs a financial time-out. Sounds like a helicopter parent’s dream.Back in the day, my mom had no clue about half the things I bought with untraceable cash as a kid. ...
Posted: Dec 09 2017 @ 1:47 AM
For many kids, money can be a bit too easy come, easy go — especially in today’s digital world. But tracking and categorizing money thoughtfully will always be a key life skill. Dollars deserve a purpose whether digital or not. So how do we get our kids to be more mindful of money as it ebbs and flows' Build a Money In ’N Out Spreadsheet with your child. ...
Posted: Nov 12 2017 @ 1:27 AM
My longest market losing streak since high school is pretty epic. If I had invested $5,000 in the S&P 500 on January 1, 2000, it would have been worth less than that for 12 years in a row. Ouch. But, as Tom Petty said, “Even the losers get lucky sometimes.” Especially if they wait long enough in the market. By October 2017, that original $5,000 investment would have turned ...
Posted: Nov 03 2017 @ 6:45 AM

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