Education Archives - The Free Financial Advisor

How Can Student Loans Quietly Shape Life Decisions for Decades

September 1, 2025 by Travis Campbell Leave a Comment

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Student loans are more than just a line item on your financial statement. They can shape your choices, both big and small, for years after graduation. From where you live to the work you choose, the impact is often subtle but significant. Many people underestimate the long-term effects until they realize decisions are being filtered through the lens of student debt. Understanding how student loans influence your life helps you make better choices and plan for your future. The way student loans shape life decisions is a reality for millions—and it’s worth examining closely.

1. Career Choices Get Filtered by Repayment Needs

One of the most direct ways student loans shape life decisions is by influencing your career path. Graduates often feel pressure to choose higher-paying jobs, even if those roles aren’t their passion. The need to make monthly payments can steer people away from lower-paying fields like public service, teaching, or non-profit work. For some, it means turning down internships or entry-level positions that might offer valuable experience but don’t cover the bills.

This shift in priorities can last for years. Even those who want to change careers later on may hesitate, concerned about losing income and falling behind on payments. The ripple effect can mean missed opportunities for fulfillment and professional growth—all because student loans are quietly in the background.

2. Delaying Major Life Milestones

Student loans don’t just influence work—they affect when and how you hit life’s big milestones. Many borrowers delay buying a home, getting married, or starting a family because of debt. For some, the idea of taking on a mortgage or planning a wedding while still paying off student loans feels overwhelming.

This delay isn’t just about dollars and cents. The mental weight of student loans can make people cautious about making big commitments. Some even put off moving out on their own, choosing to live with family longer to save money. Over time, these delays can shift the entire timeline of adulthood.

3. Choices Around Where to Live

Where you live is often shaped by your student loans, too. High monthly payments can make it harder to afford rent in more expensive cities. Many graduates find themselves choosing locations based on affordability rather than preference or opportunity. Some move to smaller towns or suburbs to keep living costs low, even if they’d prefer to be elsewhere.

For others, living with roommates or staying with parents becomes a long-term strategy. These choices can affect your social life, networking opportunities, and even your mental health. The influence of student loans on these decisions is often subtle, but it adds up over time.

4. Impact on Savings and Investing

Student loans shape life decisions around saving for the future. When a chunk of your income goes to loan payments, it’s harder to build an emergency fund or contribute to retirement accounts. Many borrowers put off investing, thinking they’ll start once the debt is gone. But with average repayment terms stretching 10 to 20 years, that delay can have real long-term costs.

This pattern can leave people feeling stuck, watching as peers build wealth or buy homes while they’re still catching up. The opportunity cost of delayed saving and investing is one of the quieter but most significant effects of student loans.

5. Choices About Further Education

Student loans can shape your decisions about going back to school. Some people avoid graduate programs or certifications because they’re wary of adding to their debt load. Others may choose programs with lower tuition or opt for part-time study to keep working and paying off existing loans.

Even when additional education could boost earning potential, the fear of more debt can be a powerful deterrent. This can limit career advancement or force people into less-than-ideal educational paths. The influence of student loans on lifelong learning is real—and it’s not always obvious until you’re facing the choice.

How to Navigate Life with Student Loans in Mind

It’s clear that student loans shape life decisions in ways that go far beyond monthly payments. The key is to recognize this influence and plan proactively. Making a budget that factors in your loans, seeking out flexible repayment options, and building a support network can help you take back control. If you’re considering new loans, be realistic about your future income and what you’re comfortable paying back.

Resources like the Consumer Financial Protection Bureau’s student loan tools offer practical guidance. Whatever your situation, remember you’re not alone, and there are strategies to help you thrive while managing student loans.

How have student loans influenced your life choices? Share your story or questions in the comments below!

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Travis Campbell

Travis Campbell is a digital marketer/developer with over 10 years of experience and a writer for over 6 years. He holds a degree in E-commerce and likes to share life advice he’s learned over the years. Travis loves spending time on the golf course or at the gym when he’s not working.

10 Simple Strategies Parents Use to Turn ADHD Challenges Into Strengths

May 27, 2025 by Travis Campbell Leave a Comment

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Parenting a child with ADHD can feel overwhelming, especially when daily routines seem to spiral into chaos. Many parents worry about their child’s future, academic performance, and social relationships. The reality is that ADHD affects nearly 6 million children in the U.S. alone, shaping everything from classroom behavior to family dynamics. But what if these challenges could be reframed as opportunities? Understanding how to turn ADHD challenges into strengths can empower families to make informed decisions and help children thrive, not just cope.

The good news is that with the right strategies, parents can help their children harness ADHD’s unique qualities. Families can transform daily struggles into stepping stones for growth and confidence by focusing on practical, research-backed approaches.

1. Emphasizing Strength-Based Learning

Children with ADHD often excel in creative thinking and problem-solving. Parents can highlight their child’s strengths instead of focusing solely on areas of difficulty. For example, a child who struggles with reading comprehension might shine in hands-on science experiments or art projects. Research from the CDC shows that children with ADHD are more likely to display high levels of creativity and divergent thinking. Parents can boost self-esteem and motivation by tailoring learning experiences to these strengths.

2. Building Consistent Routines

Structure is essential for children with ADHD. Inconsistent schedules can increase anxiety and make symptoms worse. Establishing clear routines for homework, meals, and bedtime helps children know what to expect and reduces stress. A study published in Pediatrics found that children with ADHD who followed consistent routines had fewer behavioral problems and improved academic outcomes. Simple visual schedules or checklists can make routines easier to follow and reinforce positive habits.

3. Encouraging Physical Activity

Regular exercise is a powerful tool for managing ADHD symptoms. Physical activity increases dopamine and norepinephrine levels in the brain, which are often lower in children with ADHD. This boost can improve focus, mood, and impulse control. The American Academy of Pediatrics recommends at least 60 minutes of physical activity daily for children, and studies show that kids with ADHD who are active experience fewer symptoms and better classroom behavior. Activities like swimming, martial arts, or even family walks can make a noticeable difference.

4. Teaching Mindfulness and Self-Regulation

Mindfulness practices help children with ADHD develop better self-control and emotional awareness. Techniques such as deep breathing, guided imagery, or short meditation sessions can reduce impulsivity and improve attention span. Schools that have implemented mindfulness programs report fewer disciplinary incidents and higher student engagement. Parents can introduce mindfulness at home with simple exercises, making it a regular part of the family routine.

5. Leveraging Technology Wisely

While screen time can be a concern, technology also offers valuable tools for children with ADHD. Apps that support organization, time management, and focus can help children stay on track. For example, visual timers, reminder apps, and digital planners can break tasks into manageable steps. The key is to use technology intentionally, setting clear boundaries and choosing tools that address specific challenges.

6. Fostering Open Communication

Children with ADHD often feel misunderstood or frustrated by their struggles. Open, honest communication helps them express their feelings and ask for support. Parents who actively listen and validate their child’s experiences build trust and resilience. Family meetings or regular check-ins can provide a safe space for children to share successes and setbacks, making problem-solving easier.

7. Collaborating With Educators

Strong partnerships between parents and teachers are crucial for children with ADHD. Sharing information about what works at home can help educators adapt classroom strategies. Many schools offer Individualized Education Programs (IEPs) or 504 Plans to provide accommodations like extra time on tests or movement breaks. Staying involved in the educational process ensures that children receive the support they need to succeed academically and socially.

8. Setting Realistic Goals

Setting achievable, short-term goals helps children with ADHD experience success and build confidence. Instead of focusing on long-term outcomes, parents can break tasks into smaller steps and celebrate progress along the way. For example, completing a homework assignment without reminders or remembering to pack a backpack can be significant victories. This approach reduces frustration and encourages a growth mindset.

9. Encouraging Social Connections

Social skills can be a challenge for children with ADHD, but strong friendships are vital for emotional well-being. Parents can support their child by arranging playdates, joining clubs, or participating in group activities that match their interests. Role-playing social scenarios at home can also help children practice communication and conflict resolution. Research from the National Institute of Mental Health highlights the importance of peer relationships in building self-esteem and reducing feelings of isolation.

10. Seeking Professional Support When Needed

Sometimes, managing ADHD requires additional help. Therapists, counselors, and support groups can provide valuable guidance for both children and parents. Behavioral therapy, in particular, has been shown to improve executive functioning and reduce disruptive behaviors. Connecting with professionals ensures that families have access to the latest resources and evidence-based interventions.

Turning ADHD Challenges Into Strengths: What Parents Can Do Next

Transforming ADHD challenges into strengths is not about ignoring difficulties but about recognizing and nurturing each child’s unique abilities. By focusing on structure, communication, and individualized support, parents can help their children develop resilience and self-confidence. The most effective strategies are those that adapt to each child’s needs, celebrate progress, and encourage a positive outlook.

Every family’s journey with ADHD is different, but small, consistent changes can lead to big results. What strategies have worked for your family, and how have you seen your child’s strengths shine through?

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Travis Campbell

How Green Bay Quietly Became America’s Best Place to Live

March 31, 2025 by Latrice Perez Leave a Comment

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In 2024, Green Bay, Wisconsin, garnered national attention by being named the best place to live in the United States. This recognition may have surprised some, but for residents and those familiar with the city, it was a testament to Green Bay’s unique blend of affordability, quality of life, and community spirit. Let’s explore the factors that contributed to this accolade.

Affordable Cost of Living

One of Green Bay’s most appealing attributes is its affordable cost of living. Housing prices are significantly lower than the national average, making homeownership accessible to many. This affordability extends to everyday expenses, allowing residents to enjoy a comfortable lifestyle without the financial strain experienced in larger metropolitan areas.

Strong Job Market

Green Bay boasts a robust job market with opportunities across various sectors, including manufacturing, healthcare, and education. The city’s economic stability provides residents with reliable employment options, contributing to low unemployment rates and a thriving local economy. Green Bay Press-Gazette

High Quality of Life

The city’s commitment to maintaining a high quality of life is evident in its well-maintained parks, recreational facilities, and community events. Residents have access to numerous outdoor activities, cultural attractions, and a vibrant downtown area, fostering a strong sense of community and well-being.

Excellent Healthcare and Education

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Green Bay offers access to top-notch healthcare facilities and a strong educational system. The presence of reputable hospitals and clinics ensures residents receive quality medical care, while local schools and universities provide excellent educational opportunities for students of all ages.

Community Engagement and Safety

The city’s low crime rates and active community engagement contribute to a safe and welcoming environment. Neighborhoods are known for their friendly atmosphere, where residents take pride in their community and participate in local initiatives, enhancing the overall living experience.

Green Bay’s Well-Deserved Recognition

Green Bay’s ascent to the top spot as America’s best place to live in 2024 is a reflection of its affordability, economic stability, quality of life, and strong community values. For those seeking a balanced and fulfilling lifestyle, Green Bay stands out as a city that quietly offers the best of what life has to offer.

What aspects of Green Bay do you believe contributed most to its recognition as America’s best place to live? Share your thoughts and experiences in the comments below—we’d love to hear from you!

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Latrice Perez

Latrice is a dedicated professional with a rich background in social work, complemented by an Associate Degree in the field. Her journey has been uniquely shaped by the rewarding experience of being a stay-at-home mom to her two children, aged 13 and 5. This role has not only been a testament to her commitment to family but has also provided her with invaluable life lessons and insights.

As a mother, Latrice has embraced the opportunity to educate her children on essential life skills, with a special focus on financial literacy, the nuances of life, and the importance of inner peace.

10 Telltale Signs Someone Isn’t as Educated as They Pretend to Be

February 19, 2025 by Latrice Perez Leave a Comment

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Education isn’t just about having a degree or listing accomplishments on a resume. Truly educated people demonstrate their knowledge through their behavior, critical thinking, and how they interact with the world. Some individuals, however, try to appear more educated than they really are. Whether it’s through fake confidence, misused vocabulary, or a complete inability to engage in thoughtful discussion, their lack of genuine knowledge eventually becomes apparent. Here are ten telltale signs that someone isn’t as educated as they pretend to be.

1. They Overuse Complex Words Incorrectly

People who are genuinely educated use words naturally and effectively, while those trying to sound smart often over complicate their speech. They may use long, obscure words in the wrong context, thinking it makes them appear more intelligent. Instead of enhancing their message, it creates confusion and signals that they don’t fully understand the vocabulary they’re using. Mispronunciations and forced phrases also give away that they’re trying too hard. True intelligence is about communicating ideas clearly, not making them sound overly complicated.

2. They Dismiss New Ideas Without Question

A truly educated person is open to learning, evolving, and reconsidering their viewpoints. Someone pretending to be knowledgeable, however, will often dismiss new ideas immediately. They refuse to engage in meaningful discussions because they don’t want to expose gaps in their knowledge. This rigid mindset is a defense mechanism to protect their perceived intelligence. Real education teaches people how to think critically, not just defend what they already believe.

3. They Can’t Back Up Their Opinions with Facts

Everyone has opinions, but educated people can support theirs with facts, logic, and well-formed arguments. Those pretending to be informed often make bold claims but can’t provide reliable sources or evidence when challenged. They might rely on phrases like “everyone knows that” or “I read it somewhere” instead of citing actual studies or historical facts. When asked for proof, they often deflect, change the subject, or become defensive.

4. They Use Arrogance to Cover Their Gaps in Knowledge

Rather than admitting when they don’t know something, people who pretend to be educated will often resort to arrogance. They may mock or belittle those who ask questions instead of engaging in thoughtful discussion. This tactic helps them avoid exposing their own ignorance while making others feel less confident. True intelligence comes with humility, a willingness to admit when one doesn’t know something, and an eagerness to learn.

5. They Rely on Memorization Instead of Understanding

Some people can recite facts, statistics, or historical events but struggle to explain their significance. Memorization without comprehension is a sign of someone who lacks true education. They might impress people with surface-level knowledge, but when asked deeper questions, they fail to provide meaningful insight. Genuinely educated individuals understand the why behind the facts, not just the facts themselves.

6. They Avoid Deep Conversations

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People pretending to be more educated than they are tend to steer conversations away from in-depth discussions. They might quickly change the topic or rely on vague statements when discussions become too complex. This is because they lack the depth of understanding necessary to contribute meaningfully. An educated person enjoys exploring new ideas, while someone faking it sticks to rehearsed talking points.

7. They Struggle with Basic Critical Thinking

Critical thinking is a fundamental trait of an educated person. Those who lack it tend to accept information at face value without questioning its validity. They may fall for misinformation, repeat conspiracy theories, or believe in exaggerated claims without looking at credible sources. Instead of analyzing different perspectives, they cling to whatever aligns with their existing beliefs.

8. They Misinterpret or Misquote Books and Articles

Quoting books, studies, or famous thinkers can make someone sound intelligent—unless they misinterpret or misquote them. People pretending to be educated often reference material they haven’t actually read or understood. They might pull out a quote from a well-known author but completely miss the meaning behind it. When questioned further, they often struggle to explain how the quote fits into a broader discussion.

9. They Resist Constructive Feedback

An educated person understands that learning is a lifelong process and is open to feedback. Those who pretend to be knowledgeable, however, take any correction as a personal attack. Instead of engaging in a productive conversation, they become defensive or dismissive. This resistance to learning prevents them from expanding their knowledge and improving their understanding.

10. They Pretend to Know More Than They Do

The biggest sign that someone is pretending to be more educated than they are is their refusal to admit when they don’t know something. They will confidently speak on topics they have no expertise in rather than acknowledging gaps in their knowledge. Instead of asking questions or seeking to understand, they bluff their way through conversations. A truly educated person values learning over appearing knowledgeable and isn’t afraid to say, “I don’t know, but I’d love to learn more.”

True Education Shows in Actions, Not Just Words

Being educated isn’t about showing off degrees, using big words, or winning arguments—it’s about curiosity, humility, and a genuine desire to learn. People who pretend to be knowledgeable often give themselves away through arrogance, misinformation, and an inability to think critically. The smartest people aren’t the ones who claim to know everything but those who keep an open mind and are always willing to grow.

Have you met someone that pretends to be smart, but you can tell they are not? How did you figure it out? We’d like to hear about it in the comments below.

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Latrice Perez

As a mother, Latrice has embraced the opportunity to educate her children on essential life skills, with a special focus on financial literacy, the nuances of life, and the importance of inner peace.

6 Life-Changing Organizations You’ve Probably Never Donated To (But Should)

February 14, 2025 by Latrice Perez Leave a Comment

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Who doesn’t love donating money to a good charity, yet oftentimes we only give to the larger charities that we hear about in the news or on social media. Why this isn’t necessarily a bad thing, there are many other organizations that are doing great work as well. Supporting these underfunded groups can lead to meaningful change and often ensures that your donation reaches those who need it most. Here are six such organizations that are doing remarkable work but may not be on your radar.

1. New Incentives

New Incentives is a non-governmental organization operating in Nigeria, focusing on increasing infant vaccination rates through conditional cash transfers. By providing financial incentives to caregivers who vaccinate their children, they aim to reduce vaccine-preventable diseases in regions with low immunization coverage. Their approach has been recognized for its effectiveness in improving public health outcomes.

This model has been highly effective, helping increase immunization rates in some of the hardest-to-reach populations. Their transparent approach has earned them recognition for being one of the most efficient organizations working in global health, particularly in regions struggling with vaccine access and health education. Support for this organization can have a direct impact on improving public health in some of the world’s most vulnerable communities.

2. Fistula Foundation

The Fistula Foundation is dedicated to treating obstetric fistula, a childbirth injury that causes incontinence and profound social stigma, particularly in low-income countries. They provide life-changing surgeries to women in over 30 countries in Africa and Asia, offering free repair surgeries and follow-up care. The foundation works with local partners to ensure that women not only receive medical attention but are also rehabilitated and reintegrated into their communities.

Fistula is often preventable, yet millions of women still suffer from the condition due to inadequate access to maternal health care. The Fistula Foundation’s efforts not only provide critical surgery but also empower women by restoring their dignity and independence. This organization is highly regarded for its focused, cost-effective interventions and its profound impact on maternal health and gender equality.

3. Asha for Education

Asha for Education is a volunteer-driven organization that supports educational initiatives for underprivileged children in India. They work with over 180 projects across 22 states, focusing on providing quality education to children who would otherwise lack access. Since its inception, Asha for Education has disbursed over $45 million to various educational projects, making a significant impact on children’s education in India.

Asha’s projects go beyond just providing books and classrooms; they emphasize holistic education, focusing on life skills, health, and personal growth. With over 180 projects across India, the organization has a proven track record of success, having reached more than 1.5 million children since its inception. Donating to Asha for Education ensures that your contribution is directly empowering the next generation of leaders in India.

4. GiveDirectly

GiveDirectly is a nonprofit that provides unconditional cash transfers to individuals living in poverty. By sending money directly to recipients, they empower people to make decisions that best suit their needs, whether it’s investing in a business, education, or healthcare. Their approach has been shown to stimulate local economies and improve recipients’ well-being.

Unlike many aid models that dictate how funds are spent, GiveDirectly trusts recipients to make decisions based on their needs, whether that’s improving housing, investing in businesses, or covering medical expenses. Studies have shown that cash transfers can lead to improved economic outcomes, such as increased income, savings, and better access to education. The simplicity and effectiveness of this model make GiveDirectly a standout in poverty alleviation efforts.

5. Against Malaria Foundation

The Against Malaria Foundation (AMF) focuses on distributing insecticide-treated mosquito nets to reduce malaria transmission in sub-Saharan Africa. Malaria remains one of the leading causes of death in many countries, and AMF has committed to addressing this issue by providing affordable, sustainable solutions. Their direct approach ensures that resources are used efficiently, with nets reaching those in most need.

AMF’s focus on high-impact, cost-effective solutions has earned them recognition from organizations such as GiveWell, which rates them as one of the top charities for malaria prevention. By funding the distribution of mosquito nets, AMF helps reduce malaria-related deaths and improves the overall health of communities. Supporting AMF means you are directly contributing to the fight against one of the world’s deadliest diseases.

6. Pure Earth

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Pure Earth is committed to eliminating lead exposure in children by addressing environmental toxins, particularly in low-income areas. Lead poisoning, often due to contaminated water, soil, or paint, affects millions of children worldwide, leading to irreversible brain damage and developmental delays. Pure Earth works by identifying and remediating sources of lead, as well as educating communities on prevention.

The organization’s comprehensive approach includes providing medical care to children already affected by lead poisoning, as well as working with governments to implement long-term policy changes. Pure Earth’s efforts in tackling this largely invisible health crisis have helped millions of children live healthier, more productive lives. Donating to Pure Earth helps eliminate one of the most significant environmental threats to global public health.

Supporting Underfunded Charities

While large organizations often receive the majority of donations, smaller, underfunded charities are making significant impacts in their communities and beyond. By supporting these organizations, you can contribute to meaningful change and help address critical issues that might otherwise be overlooked. Consider researching and donating to these and other lesser-known charities to make a difference where it’s needed most.

Have you ever heard of any of these organizations? Would you donate to any of them? Why or why not? Let’s discuss this more in the comments.

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Latrice Perez

As a mother, Latrice has embraced the opportunity to educate her children on essential life skills, with a special focus on financial literacy, the nuances of life, and the importance of inner peace.

10 Gen X Parenting Styles That Millennials Are Rejecting

June 19, 2024 by Teri Monroe Leave a Comment

Generation X approached parenting with a distinct set of values and practices shaped by their own upbringing and the socio-economic climate of their formative years. Often characterized by a focus on discipline, traditional gender roles, and a strong work ethic, Gen X parenting emphasized structure and control. However, as the millennial generation steps into their parenting roles, they are challenging these long-held beliefs and methods. Influenced by technological advancements, increased awareness of mental health, and a desire for greater emotional connection, millennials are redefining what it means to raise children in the modern world. Here are ten Gen X parenting styles that millennials are choosing to leave behind, forging a new path that emphasizes empathy, inclusivity, and balance.

1. Authoritarian Discipline

Gen X parents often adhered to an authoritarian style, emphasizing strict rules and high expectations with little room for discussion. This approach focused on obedience and discipline, often using punitive measures to enforce rules. Millennials, in contrast, are embracing a more democratic style of parenting, where children’s opinions are valued and open communication is encouraged. They believe in guiding rather than controlling, fostering a sense of mutual respect and understanding.

2. Limited Emotional Expression

Gen X parents were often less expressive with their emotions, maintaining a more reserved demeanor. Displays of affection and emotional vulnerability were sometimes viewed as weaknesses. Millennials, however, prioritize emotional openness and regular expressions of love and support. They aim to create a safe emotional space for their children, encouraging them to share their feelings without fear of judgment.

3. Work-Centric Lifestyles

Gen X parents frequently emphasized the importance of a strong work ethic, sometimes at the expense of family time. The pursuit of career advancement often took precedence over spending quality time with children. Millennials are striving for a better work-life balance, valuing family time and personal well-being alongside professional ambitions. They are more likely to seek flexible work arrangements to be more present in their children’s lives.

4. Strict Gender Roles

Traditional gender roles were more rigidly enforced by Gen X parents, with distinct expectations for boys and girls. Boys were often encouraged to be tough and independent, while girls were nurtured to be caring and domestic. Millennials reject these stereotypical roles, promoting gender neutrality and equality. They encourage their children to explore interests and activities irrespective of gender norms, fostering a more inclusive environment.

5. Minimal Technology Use

Gen X parents raised their children with limited access to technology, often viewing it as a distraction or a negative influence. Screen time was heavily regulated, and digital devices were often seen as a luxury rather than a necessity. Millennials, having grown up with advancing technology, are more inclined to integrate it into daily life. They emphasize the importance of digital literacy and use technology as a tool for education and connection while still setting healthy boundaries.

6. Detached Fatherhood

In many Gen X households, fathers were often seen as the primary breadwinners, with less involvement in day-to-day parenting. The traditional family structure placed the majority of childcare responsibilities on mothers. Millennials are challenging this norm by advocating for more involved fatherhood, where dads are active participants in caregiving and household duties. This shift is fostering a more equitable partnership between parents and providing children with diverse role models.

7. One-Size-Fits-All Education

Gen X parents tended to follow a standardized approach to education, emphasizing traditional academic success as the primary path to a secure future. As a result, there was less focus on individualized learning styles and interests. Millennials are more supportive of alternative education models, recognizing the value of diverse learning experiences. They encourage their children to pursue passions and talents outside the conventional academic framework, such as arts, sports, and vocational training.

8. Overprotective Parenting

Gen X parents often leaned towards overprotectiveness, closely monitoring their children’s activities and friendships to shield them from potential harm. This helicopter parenting style aimed to minimize risks but sometimes stifled independence and resilience. Conversely, millennials are adopting a more balanced approach, allowing children to experience and learn from failure. They believe that fostering independence and problem-solving skills is crucial for their children’s long-term development.

9. Limited Mental Health Awareness

Mental health was not a prominent topic in Gen X parenting, and issues like anxiety or depression were often overlooked or misunderstood. Additionally, there was a stigma associated with mental health problems, and seeking help was not widely encouraged. Millennials are breaking this cycle by prioritizing mental health and wellness. Altogether, they are more proactive in recognizing and addressing mental health issues, promoting open conversations, and seeking professional support when needed.

10. Punitive Punishments

Physical punishment, such as spanking, was more commonly accepted among Gen X parents as a disciplinary measure. This approach aimed to correct behavior through fear of consequences. Millennials are rejecting physical punishment in favor of positive discipline techniques. Ultimately, they focus on understanding the root causes of behavior and teaching children about accountability through natural consequences and constructive guidance.

Embracing Change for a Better Future

Millennials are redefining parenting by rejecting outdated practices and embracing new approaches that align with contemporary values. Ultimately, this shift reflects a broader cultural movement towards empathy, inclusivity, and holistic well-being. As they navigate the challenges of parenthood, millennials are striving to create a nurturing environment that fosters growth, independence, and emotional health. By learning from the past and adapting to the present, they are paving the way for a more compassionate and balanced future for their children.

Teri Monroe

Teri Monroe started her career in communications working for local government and nonprofits. Today, she is a freelance finance and lifestyle writer and small business owner. Teri holds a B.A. From Elon University. In her spare time, she loves golfing with her husband, taking her dog Milo on long walks, and playing pickleball with friends.

Teaching Your College-Aged Child About Money – 2 Guys and Your Money 45

September 12, 2013 by Joe Saul-Sehy Leave a Comment

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In the episode, OG & I discuss how we were both horrible with money while in college. We learned many lessons, but today’s college-aged child needs to know about topics many parents didn’t confront. We describe the college landscape and how to help your child cope with financial complexity while in college.

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Joe Saul-Sehy

Joe is a former financial advisor and media representative for American Express and Ameriprise. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s also appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers and numerous other media outlets. Joe holds B.A Degrees from The Citadel and Michigan State University.

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Summer Money Activities for Kids

May 21, 2013 by Joe Saul-Sehy 20 Comments

Shannon Ryan joined us to kick off the new Stacking Benjamins podcast yesterday, and we received a ton of great feedback and requests to “get this in writing.” So, we owe a big thank you to Shannon, who sent over her tips for us. If you missed the podcast, here are some great tips to help kids learn about money. Enjoy!

Summer is the perfect time to start talking to your kids about money as life is less structured, and you have more time to slow down and have these important conversations. And don’t worry–money conversations do not have to be boring! Position them correctly and you can have fun while teaching your kids good, life-long money habits.

1. Set Clear Goals and Make It Fun

Over a favorite family meal, we discuss how we’re going to use our family money in three areas – what will Save our money for; what will Spend our money on; and who will we Share our money with? If your children are older than 6, have them create their own summertime money goals. For example; Save–for a new bike; Spend–during a trip to the ice cream store; Share–with a local charity, such as the humane society where you can deliver your donation in person. Once your kids have their goals, help them find fun ways to earn money. For example, post jobs in the house, a lemonade stand, etc.

Fun Activity: Make goal-setting a fun event and your kids will no longer dread the word “goals”. Celebrate achievements and create friendly, sibling competitions on who can reach their goals first.

2. Slow Down and Have Regular Money Conversations

Some of my best money conversations with the girls happen during our normal activities. For example, take your kids shopping. Have them help you prepare the shopping list to create a clear understanding on what the family “needs” are and where “wants” fit in. At the store, be sure to talk through your purchases with your kids instead of making internal comparisons. For example, why you buy a name

brand vs a store brand for one item and not another.

Activity Idea: See how much money you can save on groceries for the summer. Make a list of needed items and search for coupons and specials. Use the money saved for something fun.

3. Make Your Goals Visual

Post family and individual goals where everyone can see them. You can cut out pictures from magazines or print pictures from the internet to create a vision board for your goals. Set up jars or envelopes for their Save, Spend and Share goals. When they earn money, discuss with them how they want to allocate their money towards their goals.

Activity Idea: Have you kids decorate their jars or envelopes with images of the things they plan to save, spend and share their money on or with.

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4. Post Jobs so the Kids Learn How to Earn Money

I am not a believer in allowance, but I do believe you need to find a way to put money in your kids hands, so they can learn to make decisions around it. Each week create a job posting that consists of various chores that are important to running the house, but outside the children’s expected responsibilities (in our house, this includes–making beds, cleaning dishes and cleaning up after themselves).

Fun Activity: Weekly job postings allow kids to pick and choose which jobs they want to do. Plus, they can choose whether to do a lot (and earn a lot) or do little (and earn little). We treat this like a real job and on pay day, if they haven’t done their work to my satisfaction, they may not get paid. Or if they have gone above what the job entailed, they could earn bonus.

5. Let Them Flex Their Decision-Making Muscles!

We all have a finite amount of money, so the earlier you can teach your children to make wise choices with their money–the better! One of the best ways to teach them is to involve them in the decision-making process. You want them to figure out what makes them truly happy, rather

than listening to what others tell them they need. Once they master this, they will spend their money on the things they want and learn to create joy with any amount of money.

Fun Activity: Create an entertainment budget. Give your kids multiple options, some expensive and some not, then let them figure out how to use the money.

Photo: Mosieur J.

Shannon Ryan, CFP® is a Mom on a mission to help busy parents teach their kids simple, value-based principles that guide their money decisions and support their long-term financial well-being. Shannon wrote The Heavy Purse to help parents start money conversations with their children through a fun, bedtime story and developed companion workbooks to help deepen those conversations. Visit www.TheHeavyPurse.com to learn more on how to raise Money Smart Kids.

Joe Saul-Sehy

joesaulsehy.com/

Graduation Gifts: What Should You Do With Your Money?

June 14, 2012 by The Other Guy 21 Comments

‘Tis the Season!

Well, not that season, but another highly anticipated one: graduation season. Hundreds of thousands of college and high school graduates are donning caps and gowns, shaking hands, having parties, and most likely cashing checks. The real question is what to do with all of this money?

Let’s break our discussion into two categories: high school graduates and college graduates.

High School Graduates

We’ve talked about it periodically: most kids aren’t taught anything about how to handle money and for some, graduation gifts can be their first experience with large amounts of cash. If there’s not an exact plan, it can blow away faster than the autumn leaves. This is job number one for parents: sit down with your kids and discuss what the plan is with the graduation money. Here are the top 3 things high school graduates can and should do before cashing a single check.

High school graduates entering local church for graduation mass, May 2009 (Photo credit: Wikipedia)

Establish the maximum dollar amount of your graduation gifts that you’ll allow yourself (or your kid) to spend on fun. I don’t have any problem with high school graduates blowing a certain amount. I mean, it is a joyous occasion and high school graduations should have a certain amount of indulgence. But, just like anything finance related, you have to go in with the end in mind. Failing to plan is planning to fail.
Decide what’s going to be set aside to be spent during the first semester of college. Assuming you’re heading to college in the fall, no matter what you think you’ll need from graduation gifts, you’ll want more. Accept and embrace the reality: college will cost more than you think. If you can set aside a couple hundred dollars today for those rainy October weekends far from home, you’ll feel a lot less guilty about skipping the meal plan and ordering a pizza for your roommates.
Take at least 1/3 and either invest it or give it away. Those two options sound like opposites, but they require similar mental acuity. We only give things away when we have an abundance mentality – we only invest if we have a strong faith in the future. Take one or two hours and pick a solid blue chip company, set up an online brokerage account, buy some stock and don’t touch it for 30 years. You’ll thank me later. Oh, and don’t forget to reinvest all your dividends from your graduation gifts! You’ll want those growing, too!

Don’t let this great opportunity for teaching kids about money slip by. There are only a few “found money” times throughout one’s life. Use graduation gifts wisely. Any high school graduate should be able to take this money and use it to get ahead in life.

Next week we’ll talk about what college graduates should do with their “found” money…stay tuned!