Real World Financial Advice for Families.

Welcome to the DoughMain blog.  Here you'll find practical advice for talking to your kids about money and staying organized and connected as a family.



| Thursday, April 23rd, 2015

The Importance of Learning Through Play

Do you remember how much you loved to play as a child? Even as adults, play is an integral part of our lives. We are constantly trying to make dull things fun and work less boring. But what you may not realize is how much you learn through play. True, play is often a good… View Article

| Thursday, April 16th, 2015

Should You Update or Replace It? How to Get the Best Bang for Your Buck

When something breaks or gets damaged, we often think that the only option is to replace it and swallow the cost. But by doing a little searching and taking the time to find out exactly what you need, you can often get by with a small upgrade or replacement part to make something work good… View Article

, , | Wednesday, April 1st, 2015

Chores or Allowance? Why Not Tie Chores to Allowance?

The advice just keeps coming: Pay kids to do chores; Don’t pay for chores Give kids an allowance to teach them about money Don’t pay your kids allowance or they will never get a job Give them money and they’ll feel entitled because they’re cute & sweet What’s a parent to do? Allowance vs Chores… View Article

, | Wednesday, March 25th, 2015

First Job Means First Bills: 4 Expenses Your Teen Can Pay For

After a decade and a half of footing the bill for every expense for your child, the day has finally come when he or she can finally get his or her first job. Whether it’s babysitting, bagging groceries or mowing lawns for the neighbors, your child is finally going to learn the value of a… View Article

| Wednesday, March 18th, 2015

The Best Way to Track Chores and Allowances: DoughMain

Confused by all of the recent media reports telling you not to tie an allowance to chores?  There are several chore/allowance “camps”: Allowance – A weekly amount of money that is provided with no expectation that the child will complete chores to earn their money. Allowance for a set amount of chores – You expect… View Article

, | Wednesday, March 11th, 2015

Practical Financial Advice Learned From Dad

According to The 2010 Consumer Financial Literacy Survey prepared for The National Foundation for Credit Counseling, 28 percent of adults don’t pay their bills on time. They also found that one in three adults aren’t saving for their retirement. Show those statistics to your dad, and he probably will launch into a long list of… View Article

, | Wednesday, March 4th, 2015

Get a Solid Plan for Financial Health

Spring is the perfect time to perform a simple financial health checkup. Use this time to identify any missteps you may be taking and how you can amend them. Here’s how to get started: Examine Your Spending Habits It’s a simple concept: You should be spending less than you earn. If you are using your… View Article

, , | Friday, February 27th, 2015

This America Saves Week: Take Your Financial Future into Your Own Hands

By Katie Bryan, America Saves Communications Director America Saves Week, February 23 – 28, 2015, is the perfect time to review your finances, set your savings goals for the year, and set up a system that will allow you to save automatically. That’s why the America Saves Week theme is – Set a Goal. Make… View Article

, , | Thursday, February 26th, 2015

7 Ways to Turn Saving Money into a Habit

by Brittany Lyte, Wise Bread The spending and saving habits of your past don’t define your future — your current ones do. And this America Saves Week is a great time to start with a clean slate. Hitting the reset button won’t cure all your financial woes, but when it comes to adopting good saving… View Article

, | Thursday, February 19th, 2015

Family Financial Health: 3 Money Lessons to Teach Kids

As parents, it’s our responsibility to shape our children into good people and valuable members of society. From an early age, we teach children important lessons about the golden rule (treat others how you’d like to be treated), respect, manners, telling the truth and how to share. But what about money? When should kids learn… View Article



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