When teaching your kids about money, some of the important points are that they need to:

Save
Consider purchases
Give to others

These three main goals can be broken down into different, smaller goals, of course, but for the most part these three things are essential when teaching children how to manage their money. In order to help you with this, the site ThreeJars.com aims to help children learn to use the Internet to manage their money.
ThreeJars sets up virtual jars for kids, labeled “Save”, “Spend”, and “Share”. The idea is that kids can put money in each “jar” and use it for specific …read more

Personal income may have fallen in June, but spending was up.

Saving or investing? Get rid of your fears.

While getting our financial houses in order may lengthen the recession, it is important to make changes to our consumer and personal finance habits.

Now is not the time to stimulate the “their” version of the economy at the risk of destroying your own financial future.

At any rate, this is just more proof, I hope, that Americans are starting to look at their spending and saving habits and make some changes for the better.

The news is in: Black Friday sales were up 3% this year. Obviously, there is still a lot of spending going on. It doesn’t have to be that way. But savers may need some moral support as resolutions to save money and get out of debt fall to the wayside in the throes holiday shopping enthusiasm.  ING Direct has a solution.
You can find mutual support for your savings habit at the new We, The Savers website. This site is designed as a social networking tool. According to a press release I received from ING Direct:
The website features savings calculators, social …read more

With the Olympics taking center stage right now, there are many ways to reflect on the lessons that we can learn from watching the largest sporting event in the world. In fact, over at My Dollar Plan, there are 12 lessons to be learned from the Olympics.  It is an interesting take on the Olympics — and on personal finances.
Here are some of my favorite takeaways from the post:

Budgeting. Not only is budgeting an important part of putting on the Olympics, it is important in your life as well. My Dollar Plan mentions using budgeting and savings goals to watch …read more

It’s time for back to school shopping. This year, as my son starts the “real school” of kindergarten, we are letting him help us out in terms of choosing some of his school supplies and his clothes. This whole process got me thinking of teaching my son lessons in money management — and how back to school shopping provided a back drop for some of my most poignant lessons in personal finances.
What I learned from back to school shopping
As a teenager, I received $100 at the beginning of the school year with which to buy clothes. My parents drove us …read more