I had a great interview last week with Tony Chen at SavvyDaddy.com about how he could appoach tough money questions from his own 4-year-old son.  (SavvyDaddy is a web community and great resource for dads wanting to make a difference in their kids’ lives.)  Here’s the link to the blog and the ten tips I shared with him to help talk to kids about money:

http://www.savvydaddy.com/content/moneyandkids

“Nudge” by Richard H. Thaler and Cass R. Sunstein is a book about how people make choices. (I apologize to the authors for the oversimplification of their work. This a great book and worth the trip to the library to check the book out and to take the time to read.) (more…)

Wonder what kind of money manager your children will be? Look in the mirror. When it comes to money, you are your child’s most influential teacher. (more…)

Last week when I appeared as a guest expert on the Dr. Phil show, the Money Savvy Pig® piggy bank (the 4-chambered piggy bank I invented to promote the 4 money choices — Save, Spend, Donate & Invest) also made its debut. There are some great tips for parents that I reviewed with Dr. Phil to help start the “talk” about Money Basics with their children in this video segment. I hope you find these tips helpful.

I had the pleasure of being a guest on the Dr. Phil show, which aired yesterday. Below are a few of the tips for parents which I shared with the audience and is currently posted on the show’s site. (more…)

Here is the rest of my top 10 money savvy tips for families if you think you may be laid off soon: (more…)

A grandfather wrote to me about his 11 year old grandson whose parents did not give him an allowance because they say that their son was too busy with sports and school work and doesn’t do anything around the house. He asked what he could do as a very concerned Grandparent to help his grandson to become financially savvy without interfering. (more…)

A reader asked me recently what I suggested as a good percentage for each of the 4 money choice areas: save, spend, donate, invest. (more…)

I’m so pleased with this piece that CBS News did on our work in the Naperville, Illnois schools. This brief piece very succinctly describes the importance and the benefits associated with teaching financial literacy skills at a young age. (more…)

Its tempting to guide our children to a certain choice — such as save — and away from another — such as spend. But its important to let kids decide how much money should be allocated to each money choice. (more…)