It is indeed a challenge to teach children to learn how to save money.  Finally after some trial and error with my eldest daughter, I have learned that the best way to teach children is by practice and this would entail you– the parent to entrust your children some cash at their own disposal in the beginning. My eldest daughter is now 9.  She has a fixed...

As a mother of four children, separated and all, I take my responsibilities seriously.  At an early age, I wanted my children to be aware of money; How to keep money; How to spend wisely; And how to make more money.  I have discussed previously the benefits of discussing your money issues with your children.  I have a 5 and 7 year old and  they are both in school...

One of the biggest hurdle in my life as a recently single parent was the fact that I needed to explain our financial situation to my children, especially my eldest.  Ofcourse they have noticed the big difference.  Like we do not shop as often now, especially for unnecessary items we used to horde when we were still shall we say, well-off. It is true, one of the big...