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Penny Compass

Family Finances

Teaching kids about money, allowances, education savings, new baby costs and talking money with aging parents.

How to Talk About Money With Aging Parents

October 24, 2026 by admin
How to Talk About Money With Aging Parents

Practical ways to start money conversations with aging parents, what topics to cover, how to organize key documents and how to keep the talk respectful.

Categories Family Finances

Planning for the Costs of a New Baby

October 24, 2026 by admin
Planning for the Costs of a New Baby

Plan for the costs of a new baby by sorting one-time purchases, monthly expenses and income changes, with a sample budget and common mistakes to avoid.

Categories Family Finances

How Education Savings Plans Generally Work

October 24, 2026 by admin
How Education Savings Plans Generally Work

Learn the general mechanics of education savings plans, from contributions and growth to withdrawals, with a simple example and the questions to ask first.

Categories Family Finances

Allowance Systems Compared: Fixed, Chore-Based and Hybrid

October 24, 2026 by admin
Allowance Systems Compared: Fixed, Chore-Based and Hybrid

Compare fixed, chore-based and hybrid allowance systems, with the strengths, drawbacks and a worked example to help you pick a fit for your family.

Categories Family Finances

How to Teach Kids About Money at Different Ages

October 24, 2026 by admin
How to Teach Kids About Money at Different Ages

A stage-by-stage guide to money lessons for kids, from counting coins in preschool to budgeting, saving goals and credit basics in the teen years.

Categories Family Finances

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