In a recent interview with People magazine, Senator Obama lists “allowance” as one of their families seven “Obama House Rules.” Both daughters receive allowance the traditional way, money for chores, and dad acts as the bank. (more…)

It seems like a lot of school supplies are requested at the start of the school year. And, because sales abound — we are all tempted to get these supplies in quantities greater than we are asked because of the “sale.” This year, try an approach that has saved me time and money. (more…)

I ran across this editorial by columnist Eric Schubert in the Star Tribune online and couldn’t agree with it more — start while they are still young. (more…)

It’s almost overwhelming the amount of resources available to parents today on the topic of economic literacy. (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…)