Browse Tag: money

Backpack school

How to Give Your Middle-Schooler Additional Freedom in Making Money-Related Decisions

Last week, J and I had a conversation about what else he would like to learn about money. He’s going to middle school in the fall and I mentioned it would be a great opportunity to give him some extra responsibilities.

We talked about how additional responsibilities will actually give him more of a chance to make decisions on his own, better known as freedom. So he suggested I use the word freedom in the title because freedom sounds better than responsibility.

We brainstormed some possibilities and came up with the items below.

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Camera, sandals, hat, work money lessons into family vacation

How to Work Money Lessons Into Your Family Vacation

Does your family take a vacation every year (or every few years)? It doesn’t have to be a big trip or far away, but something special and out of the ordinary.

Last year I participated in a round table discussion on the Stacking Benjamins podcast about family vacations. (Listen here!) I had more to say on the topic and it’s a great time to start planning your next vacation, so let’s talk about how you can get your kids involved and work in some money lessons, too.

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6 habits that will yield big financial results

6 Small Habits That Will Yield Big Financial Results

I just finished reading The Slight Edge and wow, what a great book! I’d heard of this concept years ago from The Art of Exceptional Living by Jim Rohn.

The idea is:

Little things that seem insignificant in the doing, yet when compounded over time yield very big results… I call them simple daily disciplines. Simple productive actions, repeated consistently over time. That, in a nutshell, is the slight edge.

There are many small, positive actions you can take every day. They probably don’t look like much and in fact, they’re often super easy to do. Over time, these repeated actions will yield big results in your personal and financial life. Like with the rule of 72, the success curve is exponential.

So if it’s so easy, why doesn’t everyone do this? Because they’re also easy not to do. People underestimate their power.

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