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June 2017 - Words on Wealth
  • Kids and Money

    Should Your Kid Earn an Allowance?

    Parents want to know, should my kid earn an allowance by completing chores? A lot of us were raised that way but it may not be the best choice. Check out this quick video for my thoughts on giving an allowance and tying it to chores plus teaching your kids about money.  I think giving an allowance is a great way to teach kids about money. Yet parents don't always use this tool as well as they could. Want to learn more about giving your kids an allowance? Read Is It Time To Give Your Kid An Allowance? for more tips on how to teach your kid to manage money.Not quite…

  • College,  Planning,  Savings

    Is there a college savings rule of thumb?

    Let’s talk college savings. Just when you thought you were starting to get a handle on saving for retirement/your post-career phase now, we have to add college savings into the mix. As if you needed another thing to worry about! Let’s go ahead and ask the hard question. Are you on track with your college savings? No clue? You’re not alone. Most people have no idea. With crazy high inflation and large cost differentials between schools, it can be hard to know if you are in a good place when it comes to your college savings, or if you need to “kick it up a notch.” With that in mind,…