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Dollars & Sense Blog

VIDEO: Fanny Kiefer Show

Many thanks to Fanny Kiefer of the Fanny Kiefer show on Shaw TV for such an interesting interview with Paul about teaching children financial literacy! Fanny Kiefer Show on Shaw TV Part One: Part Two: Here’s a test of apostrophes and “quotes”.

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Don’t Tie My Allowance to Chores or Achievements

(from Chapter 1) Should your allowance depend on work around the house or schoolwork? No! An allowance is meant to teach you how to handle money. You do chores because you are part of the family. Doing well in school, music or sports is about building your confidence and talents. It’s not about getting more…

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A Great Way to have a (Free) Night Out

(from pg. 31 in the book) Hey, let’s go out tonight! But don’t ditch your parents once you’re out. You spending time with them is something they just might like! Make it a family night. (You know who is in charge of family finances, hee hee) Make it a weekly or monthly event. Mom or…

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Do Your Homework Before You Spend Big Bucks

(from Chapter 4) You saved and saved, bought your dream toy, and feel ripped off. Ouch! Always spend time thinking and learning about the things you want to buy, before you buy, especially if they cost a lot of money! Visit different stores. Read magazines that review the product. Surf the Internet with your parents…

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Laugh All the Way to the Bank

(from Chapter 3) Feeling sorry for yourself because you’ve got no cash? Set aside 25% of your allowance in a piggy bank or bank account. See it grow bigger and bigger. Once you get in the habit of doing this, you’ll be amazed at how much you can save and what you can do with…

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Hot! Do’s and Don’ts for Teens

 The Debit Side of the Coin Being generous to friends can leave you penniless!!! If your friends never have money, and expect you to always pay for them, then either: Find new friends who won’t take you for a ride, or Only use the small amounts of cash you have on you at the time.…

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Case of the Broken Window

(from pg. 65 in the book) It’s not a crime to make a mistake. But it’s crazy if you don’t learn from it! Look after your stuff! The money it takes to buy things really doesn’t grow on trees… REALLY! Look after other people’s stuff in just the same way as you should look after…

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RICHMOND REVIEW: Kids need financial footing in consumer culture, says expert

On January 31, 2012, the Richmond Review, one of two primary newspapers in Paul’s hometown, printed this article about Paul’s new-and-improved edition of his bestselling book, Allowances, Dollars and Sense: A Proven System for Teaching Your Children About Money. Here is the link to the article by Matthew Hoekstra in the newspaper’s archives with an…

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The Pizza Method of Getting Rich

(Some ideas to help dreams come true…) I’d like to encourage you to think about setting some goals for saving. (Here’s another post about setting goals.) Perhaps you would like to go to University some day, or buy a car when you turn 17! You can start saving for that now! A great way to…

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How Goals Can Get You Further…

“Hey, look what I did!” The Secret to Success The start of a New Year often coincides with thoughts about things you want to do or change in the coming months. In financial planning this is also true — and goal setting is a practical part of the process. Did you know that most people…

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