Your Guide to Financially Intelligent Parenting
When it comes to making money decisions, kids are frequently impulsive. In fact, when it comes to making most decisions, kids are usually impulsive. It doesn’t matter if the choice involves money, food or friends, they often react without thinking. Children simply aren’t born with the capacity for self-observation and the ability [...]
In Part One of Financial Reflection, we talked about the importance of asking your children questions that stimulate discussions designed to encourage reflective financial behaviors. Important as these steps are, you need to be reflective yourself. Many parents don’t practice what they preach, at least when their kids are watching. To assess [...]
In Part Two of this article, we introduced the Family Money Diary as a means of helping our children learn to think reflectively when it comes to money. Let’s look at Eric and Jenna and see how they use this technique. Eric and Jenna have two children, a daughter, Monica, age [...]
“Helping families cope psychologically is essential for developing the refined financial intelligence most clients are seeking today.” –Eileen Gallo, Ph.D.
Eileen Gallo is a licensed psychotherapist in private practice in Los Angeles, where she assists individuals and families with the psychological and [...]