A couple of years ago I was tested and learned a very valuable lesson around Christmas. From reading my posts, I am sure you can tell that I am a pretty frugal person and do not over-spend. I really don’t try to keep up with The Joneses and am not usually tempted to buy things [...]
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What Is on Your Child’s Christmas List for Santa? Survey Results from Nielsen
If you have children, you know this can be a stressful time of year trying to find that “perfect” gift. As a father to pretty young daughters (4 and 7) I was prepared to enjoy these next few Christmases when I would not have to spend too much money since they would be satisfied with [...]
The Problem With Student Loan Debt
I recently read an article in TIME Magazine showing how much student loan debt college students are graduating with. Student loan debt is actually on track to top $1 trillion this year. According to Mark Kantrowitz, publisher of FinAid.org and FastWeb.com, the average student loan debt for new graduates has reached $27,300. Add to that [...]
Kids Money Lessons in Earning, Giving, Saving and Spending
I’ve been more diligent about teaching my 6 year old daughter earning and other money lessons in the last few months. She hasn’t shown much interest in doing chores to earn money or even have money to buy toys until this year. I think that has partly been because of her age and also because my [...]
Teaching Children About Money: A Conversation with My Daughter About School Loans
My 7 year-old daughter, Ava, recently showed me why teaching children about money is so important even if we think they may not understand all that we are talking about. Ava just finished first grade. During the last week of school, her school had Award’s Day for the students. Ava got a gold medal (it [...]
Teaching Kids About Money: 3 Useful Tools
Financial education is largely non-existent in our public systems. With the increased popularity of online investing activities like stock and forex trading, it is imperative that parents take the initiative to teach their kids about money. In his best-selling book Rich Dad, Poor Dad, Robert Kiyosaki discusses the life-altering impact his Rich Dad had on [...]
How Kids Can Earn Money this Summer
Summer will soon be upon on us and this is the time of year that parents start thinking about how kids can earn money. The kids are interested in making extra spending money for their summer fun. It’s also a wonderful time for parents to help their children learn responsibility and a good work ethic. Depending on [...]
Are You Leaving an Inheritance for Your Children?
Isn’t it interesting how life’s bigger events seem to get people more serious about their finances such as leaving an inheritance for your children? I know when my wife became pregnant with our daughter; all sorts of questions were raised. Will you stay home with the baby or continue working? How do we pay off [...]
Show Them the Money | Teaching Teens About Money
What you are currently teaching your teens about money has everything to do with whether they will be in debt up to their eyeballs ten years from now. The teen years are the habit setting years – whether it’s snacking, studying or spending. These are the years when young buyers (and their parents) begin to [...]
My Greatest Christmas Gift
One of the greatest gifts I received came around Christmas when I was 7 years old. At that time, my parents did not have a lot of money. My mom was a stay-at-home mother (I have a brother 2 years younger than I) and my dad worked for the family appliance business. We lived in [...]
Facebook Tips to Help Protect Your Children’s Financial Future
As a public commuter I try to read or blog on my bus ride home. On a recent trip home, I turned to an article in Money magazine. The article provided a number of tips to help children make better moves on Facebook to avoid financial problems. As I read the article, I noticed the person in front of [...]
Teaching Kids How to Give, Save and Spend Money
This is a post from Danny Kofke, Everyday Money Hero and author of “How To Survive (and perhaps thrive) On A Teacher’s Salary.” My wife, Tracy, is a stay-at-home mom to our two young daughters – Ava, age 6 and Ella, 3. We don’t make a large salary so we have to be frugal with [...]
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One Money Design is a personal finance blog that exists to help people make progress along their journey to true financial freedom and become more generous with their time and money.
