This morning on Today‘s Money 911, I spoke to a woman who planned for two children but was surprised by twins in her second pregnancy! To see the savings tips I gave her — as well as some tips on refinancing a car and loan consolidation — check out the video clip below.
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Do you know what documents you should have on file in case of emergency? This morning on the Today show, I gave a rundown of the most important documents to keep safe (hint, the list includes more than just a will). To hear these tips, check out the video below.
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This morning on Today I sat down with a mother of three who is looking to shape up her finances and stop living from paycheck to paycheck. To see the tips I gave her, check out the video clip below.
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In my latest American Express OPEN Forum article, I offer some tips for taking a stress free vacation.
On Today’s Money 911 we talked about planning for retirement versus saving for your children’s college education, monitoring an aging parents finances and how to prepare for an impending layoff. To learn more watch the video clip below.
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On Today’s Money 911 we talked about where to turn for holiday gifts for your children if you don’t have the funds. Where to look for financial help when caring for an ailing parent and how many credit cards is too many. To learn more on these topics and more watch the video clip below.
Last but not least, we have a few tips from the readers of PT Money, about how they’re helping their kids form smart money habits. Don’t forget to join them tonight for the National Money Night Talk. You’ll find all the information you need – including a tool kit to help you with the talk – on that website.
My tip would be to keep a notebook or Excel spreadsheet with expenses, and keep yourself on a budget. If you notice from your spreadsheet that you’re going over budget during the month, you have time to decrease your spending so you can meet your budget goal by the end of the month. More…
To continue what I started yesterday in celebration of my new book and the National Money Night Talk, here are a few great comments from the readers of Dough Roller about how they’re teaching their kids about money:
I taught my children to take any money they get (holidays, birthdays or paychecks/money earned) and divide it into categories and assign a percentage (i.e., church contribution, savings, specific fund like vacation money or something special they want to buy) and then no matter how big or small the amount, they are contributing to their financial goals.
This is a really exciting week around here, what with the launch of my new book (if you missed it, you can find more information about Not Your Parents’ Money Book here) and the National Money Night Talk tomorrow night. Leading up to The Talk, American Express and I asked a few popular personal finance blogs (PT Money, Moolanomy, and DoughRoller) to poll their readers for their favorite money saving tips for kids. They came through – big time – and over the next couple days, I’m going to be sharing their ideas here, starting with these three from Moolanomy:
Plain and simple, learn how to make a budget. Not necessarily establish a budget as a teenager (it’s hard to establish a budget when you are working a part-time, minimum wage paying job), but learning how to create a budget can really help kids learn to manage their money and know what it takes to stay out of debt. I truly wish that budgeting was a required class in all schools.
Start a retirement account now. Even if you can only put in a few dollars a month to start, it will help you develop a habit of saving while putting compound interest to work for you.
Don’t go into debt if at all possible. Plan ahead instead and pay cash for large purchases.
Dear Teachers,
I have a homework suggestion for the night of September 16 — charge your students to go home and talk with their parents about money.
As I’m sure you know, we have a financial literacy crisis in America. All too often, kids don’t have a good grasp on the basics of money management, and neither do their parents. So, working with the Council for Economic Education, and with the support of American Express, I developed a set of tools parents can use to talk to their kids about money – and vice versa. More…
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