Not sure what to get your kids or grandkids this year for Christmas? With only a handful of days remaining, I have a few Christmas gift ideas that might just be what you should be putting under your tree. These are more about giving a gift to set them on the right financial path.
Financial matters are a significant part of any relationship. Money issues are still cited as the number one reason that relationships have trouble or fail. Solving relationship money troubles whether you have been together for one year or thirty years doesn’t have to be complicated.
Numerous studies have proven that children who get a basic understanding of financial concepts early in life are much less likely to have financial difficulties later in life. It may be surprising just how many opportunities parents and grandparents have to teach their children about financial matters early in life.
With today being Valentine’s Day it is time to reflect on how much money impacts relationships, especially having a healthy, long term relationship. Do you know your significant others money personality? Do you know their complete financial picture? These questions and more are important to understand when building a long term relationship.
Many parents are excited about spending time with their college kids who will be coming home for Thanksgiving in a few short days. This time together provides an excellent opportunity to talk about the financial aspects of their college life. You can have a good discussion as long as you frame it as an adult conversation, not a parent/child conversation.
Having a financially responsible teenager starts by having money smart pre-teens. Fortunately the basic skills to teach your pre-teen that will put them on the path to being a financially responsible teenager are relatively simple to teach. Kids as young as 8 can often start learning these skills.
Disputes about money continues to be cited as the number one reason that couples in committed relationships have troubles. Often times these problems could have been avoided if the couples actually talked about money. Only a few subjects really need to be broached by couples to have an effective long term relationship as it relates to money issues.
This is the time of year that many couples are taking their relationships to a more committed level. With Valentine’s Day being this week most couples probably talked about love but for long term relationships a discussion about money is critical. Following the money relationship advice below might be just as important to your relationship as expressing your love for each other.