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How a Clothing Allowance Works

How a Clothing Allowance Works

My youngest just turned 13, and in our house that means you get a clothing allowance! Why? Because I believe strongly that one of the most important lessons we can give kids is how to handle money and budget accordingly. When kids are given money that they are...
Planning for Poverty

Planning for Poverty

I feel like part of a parents’ job is to plan for poverty. Okay, maybe that’s a bit of an exaggeration. Yet most of us hope that our children will surpass us–that they will be more successful, more leisured, more content. While the more content part...

Don't Buy Stuff You Can't Afford

Every Friday my Reality Check column appears in several newspapers. Here’s today’s, which is based on a blog post from last weekend. I’m Canadian, so it’s from that point of view, but maybe it will encourage some of you Americans, who are...