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Tag Archives: kids

Stress from debt can trickle down to kids

Kelly Dilworth

Parents thinking about charging toys, vacations or other nonessential expenses to their cards may want to hold off if they can’t afford to repay those purchases in full. According to a new study in the journal Pediatrics, charging more than…
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The right age for a piggy bank

Kelly Dilworth

Toy stores are full of specially designed piggy banks promising to teach kids how to save. According to a new study published in the Journal of Consumer Affairs, however, parents may want to hold off on purchasing a brand-new piggy bank — or opening a savings account in their child’s name — until their kids are old enough to benefit.
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Teach kids about money by sharing your bills

Kelly Dilworth

A family in Lexington, Massachusetts has come up with an unusual game for teaching their 11-year-old son about money: Every month, they hand over a wad of receipts and the family’s monthly credit card statements and ask him to look for unusual charges.
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Rewarding kids with material things can backfire

Kelly Dilworth

The next time you reward your kids for good behavior, you might want to hold off on showering them with toys. According to a forthcoming study in the Journal of Consumer Research, kids who are frequently given material objects in exchange for doing well are more likely to grow up to be materialistic adults.
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Emily’s list: When a deal isn’t a deal

Emily Crone

December only begins tomorrow, but I’m sad to say that holiday shopping is already giving me a headache. I previously discussed that I avoid Black Friday. Once Cyber Monday rolled around, I gave in just a bit. But I found that most of my shopping was for me — not my loved ones. This season is all about joy, and I’m going to be a miserable lady if Christmas and Hanukkah roll around and I’ve spent more money on myself than my family. I think it’s time for me to start unsubscribing from retailer emails!

Check out my 10 favorite personal finance blog posts from the past week, several of which discuss the challenges of holiday shopping.

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