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Here’s What You Missed At Our #moneyandfamily Chat

by Sarah Chang on April 26, 2012

Did you miss this Wednesday’s fast paced #moneyandfamily chat? Over the course of an hour we talked about financial values and how families can bond over things like chores, allowance, and shopping budgets. Our special guest was Jacoba Urist from @TheHappiestPare. She’s a lawyer and expert on money and family…and you may have seen her on the Today Show, MSN Money or The Huffington Post, where she’s a regular blogger on personal finance and parenting! Jacoba’s written for us about saving for college, creating a will (it’s super important), and setting up a trust and estate (you may be shocked to find out that these aren’t just for rich kids!).

We hope you’ll join us for our next chat on Wednesday May 9th at 9PM EST, co-hosted by Directions For Women.

In the meantime, here are a few highlights from Wednesday night.


#moneyandfamily chat

Here’s what you missed at our most recent Twitter Chat on Wednesday night!

Storified by GoGirl Finance · Fri, Apr 27 2012 07:20:02

On saving for college…
@gogirlfinance Q4 We have not really started saving for college, we are so strapped now it has been tough! #moneyandfamilySonya
A4 – Have had RESP’s for the kids since they were babies. Savings are on the lower side but better than nothing, right?! #moneyandfamilyLori Lewis
Q4 we put away $100 per month per kid into a investment savings plan for college #moneyandfamilyGeek Dad
On allowance…
we started the allowance when 5 yo. just simple things, but also incorporated savings into it! #moneyandfamily@janejoeyxo
RT @TheHappiestPare:it’s also important to teach kids that spending money can be healthy and fun It’s okay to want something #moneyandfamilyGoGirl Finance
@gogirlfinance Q6 there’s a work tier & they have to go in order. small tasks get less, big tasks get more. no skipping. #moneyandfamily@janejoeyxo
On teaching kids the value of saving vs. spending…
@gogirlfinance Q5 we encourage by a "matching" system & their allowance (which they must "work" for!!! #moneyandfamily@janejoeyxo
A5 – They are 10, 9 & 7. Started allowance 2 yrs ago & they each got a piggy bank. They get $5 but MUST put at least $1 in! #moneyandfamilyLori Lewis
@gogirlfinance A5: by living on a budget daily #moneyandfamilyabby

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