Children - Asset-Based Life

Allowances, the Zoo, and Marshmallows – Foundations for Financial Success

After carefully examining all of the options, the missus and I were ready to execute on our 7 year old’s allowance. We decided to “Pay Allowance for a Wider Role / Increased Responsibilities”. The steady stream would allow my son to get used to managing money and hopefully hit our top objectives of teaching saving, […]

Allowances, the Zoo, and Marshmallows – Foundations for Financial Success Read More »

Capping Your Liability: The Allowance as a Training Tool

Kids are expensive. I fully understood that at a conceptual level before I signed on, but I’m always amazed at the new and interesting ways the cost manifests itself. Diapers and formula provided the first kick in the nuts, and they’ve been followed by an unending expense stream of the large (daycare, college saving), the