It makes sense.
Citibank recently launched one of the latest web tools for the fabulously wealthy: an online system called Spend Grow Give that monitors their kids' allowances. It's a strategy that aims to capture a chunk of the millionaire heir market. By getting them involved at a young age, the bank is hoping this will ensure the heir's loyalty even after he or she reaches adulthood. The good news is you Read more
She may hold a place on Forbes' Young Hollywood's Top-Earning Stars list, but Abigail Breslin has to earn her allowance like any other kid. The My Sister's Keeper actress celebrated her thirteenth birthday in April, and in her house that meant her allowance increased by $1. She earns her age in weekly allowance, and the chores she must fulfill for the $13 might sound familiar to what you had to Read more
Suze Orman may be the money guru of today, but sometimes I think she took a page from my parents' handbook on raising financially responsible children. Growing up, my folks paid us for hard work done around the house and allowed us to spend it how we wanted. My chores included cleaning my room, making my bed, helping with dinner, doing dishes, and other things that eased the burden on my mom and Read more
It's back-to-school time, and most middle school students in Washington, D.C., are entering with new motivation to do well in school. The district is testing a new incentive program that rewards kids with money for getting good grades, and they could earn up to $100 per month. While my parents didn't use money to motivate me to get good grades, many of my friends' parents paid them for doing Read more
"I paid for my cheerleading and everything [by working at Wendy's for six years]. It was like whatever you want to do outside of school, you have to pay for it. I never had a car because I was always trying to save." Read more
My daughter loves slipping crisp bills into her purse. On a recent outing, we stopped for lunch and when the check came, she announced, "I'll pay! I'll pay! It's MY treat!" At four, her cash flow comes more from her dollar gifting Grandpa then from accomplishing chores. That's not to say that she doesn't pitch in a hand around the house, but at this stage in the game we aren't doling out an Read more
If you watched Gossip Girl this season you probably noticed the characters' drool-worthy clothes, gadgets, limos and upper-crusty lifestyles don't come cheap. Even though it's pure fiction, the show's depiction of a pack of wealthy New York City teenagers raises some questions about our culture's financial ideals and expectations. Namely, how much money should children and teenagers be given and Read more
In celebrating Geek Pride Day, we noticed that our own homes could use a bit of Spring geek-ifying. No, we're not talking the latest HDTV or WiFi stereo — just some low-key and quirky essentials to make a normal-seeming abode into a home that speaks to our sci-fi and tech passions. Take a look at our housewares finds, and yes, you are allowed to go crazy for that iMac lamp! Read more
I'm sure everyone can do with a little more cash in their wallets. Here are some great suggestions by Wise Bread for you to make extra money. Even though I'm self-employed full-time, I'm always looking for new and exciting ways to make more money. Earlier this year, I wrote a Wise Bread post on websites that can help you earn extra cash. More recently, I came across a blog post on Zaarly titled, Read more
Like most tots, my lil ones have a bit of an obsession with bandages — one slight scrape and they're begging me to fix it up. Some of that is probably the fun characters they get to place on the boo-boo, but I have a feeling more of it has to do with the attention they receive. Imagine how they would react if it was none other than Kermit the Frog, Gonzo, or Miss Piggy calming them down? Read more
