Helping someone with money can be a double-edged sword. Assisting a loved one financially might temporarily get them out of a difficult position, yet if they believe they can always rely on someone else to get them out of a rough spot, it can deter…
One of the most challenging jobs in life is parenting. Besides just keeping our children fed, clothed, and clean, there’s so much we need to teach them about life, from how to care for themselves to having healthy relationships with others. And that’s where this…
Homeschooling was on the rise before 2020. But the number of homeschooling families grew remarkably during the Covid-19 pandemic. Many children eventually returned to traditional school, but several continued schooling at home. The growing popularity of homeschooling has more families with school-age children considering it…
Congratulations! Perhaps you’ve just become a new mother. Or maybe you’re just starting to get your finances in order. Either way, these are both important milestones that deserve recognition. As a parent, your number one priority is most likely saving for your kids’ future and…
Financial education is essential and should start as early in life as possible. While the number of schools adding personal finance to their curricula continues to grow, many kids don’t get taught about managing money at school or at home. What’s one way to help…
Parents and caregivers may wonder when to start teaching young kids about money. Although there is no “right” time, starting early makes the most sense! Even at two or three years of age, children can start learning about money through their everyday family activities. Going…
“You’ll need $2.8 million to take care of your child for their life.” I’ve never heard a sentence more deafening than that. My husband and I sat there, staring blankly back at our financial advisor. I swear I could feel my heart slow, and my…
As a parent, we always want to do what’s best for our children. Paying for a college education is a difficult choice to make for several reasons. But, no one wants their kids to be weighed down with tens of thousands of dollars of student…
Have you wanted to set up an allowance system for your kids but struggle with consistency? It’s so easy to forget to take out cash or to miss a weekly allowance. Or even mix up those money jars. Cash allowances can also be problematic when…
One of the most important jobs we have as parents is to teach our children how to navigate the adult world. An important skill they’ll need to master is managing their money. Starting while they’re young is a good plan but if you’ve missed that…
According to a report by Merrill, over three-quarters of parents provide financial support to their adult children. From allowing their kids to live at home to paying for their cell phone bills or even footing their student loan payments – parents are giving grown children…
This post is sponsored by T. Rowe Price Our mission at Women Who Money is to provide trustworthy personal finance information by writing leveled content to support people no matter where they are on their financial journey. We’re also committed to helping people find accurate…
It seems like just yesterday your teenager was in a children’s car seat. But now your teen is ready to borrow the keys. You might have mixed emotions about them getting behind the wheel. But you’re definitely concerned about the cost of adding your new…
As your kids get older and become young adults, everything they want and need seems to get more expensive. You think about money a lot, and you’ll notice money is on your teen’s mind more often too. Whether it’s spending money to go out with…
When it comes to teaching kids about money, we know starting early is a smart decision! There are terrific resources to help young children learn their first financial lessons. But what can we use to teach older kids and teens about money? Improving teens’ financial…
We all want to raise kids who are happy, well adjusted, and, let’s face it – financially successful. But if you haven’t got your own financial life sorted out just yet, how do you make sure to teach kids smart money habits? T. Rowe Price,…
Your teenager continually begs you for money, and here they are again. You’re starting to feel like an ATM. But this time you pause, ignore their outstretched hand and say no. It’s time to set some limits here. Frustrated, your teen asks if they can…
We all want our kids to grow up and become successful, right? As parents, it’s our job to teach them about money. How to earn it, save it, spend it, share it, and invest it. And learning by doing is often one of the best…
Today we are happy to bring you the first article in a new series – Reader’s Stories. We’ll occasionally be publishing personal stories sent to us by readers or guest contributors who want to stay anonymous. If you’ve got a story you think will benefit…
Honesty is the best policy. It’s one of the most important lessons virtually every family tries to instill in their children. But is honesty still the best policy when it comes to family finances and money problems? Yes. Families who are facing money problems should…
Your kids will be bringing report cards home soon, and you may be getting ready to hand out some cash for good grades. And if that isn’t the deal you have with your kids, you’ve probably thought about it at some point. Should I be…