parenting Archives - Passive Family Income

March 25, 2020

Can Parents Have Fertility Issues Too?

Infertility is a common problem that many people experience at some point or another. Indeed, around one in ten couples may have difficulty conceiving –– particularly during their first year trying to do so. Believe it or not, this can actually include parents too. That’s right, just because you’re already a parent, it doesn’t mean infertility won’t affect you now or in the future. The truth is that a lot of parents may find it difficult to conceive –– even if they have multiple kids. We’ll explain more here: Age & Fertility There are a number of factors that can…

March 12, 2019

Teaching Your Child to Budget Money at an Early Age

The Importance of Teaching Your Child About Budgets Although every parent enjoys spoiling their child from time to time, it is very critical to their future to teach them how to live off a budget and shop cheap. Even if your family does not require a budget, it does not mean that your children will never struggle as an adult. You do not necessarily have to keep your child shopping on a fixed income, but it is ideal to show them the very few differences between brand named items and item on the shelf below. By helping them learn to…

April 17, 2018

Parents: 3 Essential Pieces of Financial Advice to Teach Your Kids Early and Often

Parents pass down a variety of things to their kids; some of them by nature, and others by nurture. However, when it comes to financial health and wellness, all parents — regardless of whether they have a family net worth valued in the millions or thousands — should make it a top priority to ensure that their kids understand, embrace, and adopt the following three essential pieces of advice: 1. Saving is Spending — On Yourself Some kids think that saving is pointless (I believe the proper technical phrase is “like, so lame and unfair”) because it seems like a…

September 20, 2017

Teaching Your Kids Solid Money Habits

Source While you’re working on building and maintaining your own financial house, make sure you don’t forget to help your children lay the framework for a stable financial future. Financial habits are much easier to maintain when you start early and understand why they’re good habits in the first place, which is preferable to a period of trial and error. Here are a few tips to help your kids help themselves to a bright financial future. Model Proper Financial Behavior Before you can start teaching your children good spending and saving habits, you’ve got to make sure you know and…

June 7, 2017

Parenting Stretches the Finances: Raising a Family on a Tight Budget

If you’re a parent, we don’t have to tell you how much it costs to raise a family. We can tell you, however, lots of savvy ways to save a ton of money while enjoying a good life with your kids. In the interest of happy families everywhere, we are pleased to present a few great tips and tricks that can help you stretch your finances. Build a budget Writing up an on-paper budget is a time-honored tradition for people who need to know where their money goes every month. Of course, you can write up a budget on your…

April 27, 2017

Is Your Child Old Enough for an Allowance

Source As a parent, there are so many things you’re responsible for teaching your child. Some occur quite early in life, while other lessons tend to come a little later. Giving your child an allowance has long been seen as a way to teach them about money, budgeting, saving for a goal, responsibility, and what it means to help out and have to work for that money. If you’ve been thinking it may be time to introduce an allowance into your child’s routine, but aren’t sure if they are old enough, you may find this information and advice to be…

April 16, 2016

5 Fun Pocket Money Ideas For Your Children

Giving pocket money to your children can be a tricky business, it can be hard to find a balance between how much money to give, when to give it, how to give it and when you should withhold it from them. Pocket money should never be a divine rite, remember that the idea of it isn’t just so that your children can go and buy what they want, it is about teaching them about handling money and being responsible with it. If you are looking for different ways to go about handling your child’s pocket money situation then here are…