Archive - August 8, 2013

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How Do You Raise Financially Competent Children? (Part 1 of 2)
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How Do You Raise Financially Competent Children? (Part 2 of 2)

How Do You Raise Financially Competent Children? (Part 1 of 2)

Wealth can easily distort a child’s view of money and possessions.  Without parental guidance and the appropriate education on money management, it can leave a child unprepared for living as an independent, productive, and responsible adult.  How does one instill healthy attitudes towards money and help these young children develop skills for managing it wisely, especially as these children may not be witness to the harsh realities of the less fortunate?  The goal should be that your child leaves home as a young adult with the tools to make financially sound decisions and possess the accurate understanding of the value …

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How Do You Raise Financially Competent Children? (Part 2 of 2)

Congratulations!   You’re thrilled that you are no longer paying for your children’s college education and feel they’ve spent the last four years excelling in rigorous coursework amongst other things.  However, are they prepared to handle their own finances? What can you do to help them get on the right track now?   Here are a few suggestions for parents to share with recent graduates entering the work-force:

  • Get organized:  Encourage your recent college graduate to get organized.  First, there’s the paperwork.  For most children, it is their first experience with bank statements, tax documents, pay stubs, health insurance claim forms,
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