My friend Steve Rosen, who writes a nationally syndicated personal finance column has a great idea for how we might better spend taxpayers’ money, rather than throwing it into bailouts related to the subprime mortgage mess. (more…)

Wall Street Journal reporter Terry Cullen was a recent guest on CNN/Open House where she talked about the Money Savvy Pig bank as an excellent way to help teach kids about saving money. She offers some excellent tips for parents in this video segment.

In a world where it takes two minutes to heat a bowl of soup and less time to buy the latest music online, our children are never forced to learn how to wait and delay gratification. That can have long-term serious consequences for them (more…)

Children are born givers. I will never forget the time Michael and I were fretting about paying the mortgage and my youngest, Amanda, piped up that she would pay the bill with the money she had in her piggy bank. (more…)

A reader wrote to say she had come up with a creative way to teach her 5- and 6-year-old how much things costs. She gave them a fake dollar each time they were good and created a store at home where her children could use the fake dollars to buy toys. (more…)

The New America Foundation, a think tank in Washington DC that I respect very much, recently posted this white paper on the topic of financial education in schools. It deserves to be reprinted here. (more…)

Allison, 16 is working. This is her first job. She did this on her own. No pushing from us. Her allowance was not meeting her needs. (more…)