LOTS of family-based questions today: 1) should the student pay for college, should parents foot the bill, or is the answer somewhere in the middle?; 2) What about allowances? How should those work….or should they work at all?; and finally 3) How do you teach kids about money when you’re struggling?
Tai McNeely from HisAndHerMoney.com and Bill Dwight from FamZoo.com join Len Penzo from LenPenzo.com is a great discussion between three parents.
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- Saddled with student debt, Millennials want to foot the bill for their kids (CNN Money)
- Allowance for Nothing and Nothing for Doing Your Chores (Huffington Post)
- Teaching kids about money hard for paycheck-to-paycheck parents (CNBC)
- Mentioned by Bill: The Opposite of Spoiled by Ron Lieber
Len Penzo: 100 Words On: The Importance of Having a Financial Back-Up Plan
His and Her Money: 10 Commandments of Wealth Building with Todd Tresidder
Famzoo: 6 Tips for Building the Charitable Giving Muscle with Your Kids