There IS a way to make the holiday season a little less cash crippling and stress inducing. And it starts with proper planning and expectation around who to buy for, and how much to spend. In this episode, we talk about our Christmas traditions, gift buying protocols and how to make the budget behave while still being generous and thoughtful.
Following the conversation about kids and credit cards, we’re wrapping up this series of parenting podcasts with a reflection on what we need to teach our kids about money and WHEN. The answer, is more than we think and sooner than we expect.
If you are committed to using credit cards as your preferred payment choice, it’s important to have frequent conversations with your kids about judicious card management. This week, Bob shares valuable insight around what parents should communicate to their kids early on to create proper spending habits.
Kids seldom have full comprehension of the implications of their actions. They see what their parents and friends do, and follow suit. But often they don’t understand what will or can happen as a result. When it comes to managing money, following suit may be a very risky approach. This week, we cover the detriments that can happen when kids and credit cards get mixed together.