Category: Money Matters

73. Seven Easy Exercises to Raise Financially Aware Kids

 Money matters… no matter your age.  That is why David Andrews and Ed Scoby of Barrington Wealth Management say it is never too early to start teaching children about watching their dollars and cents.
After many years working as investment advisers and financial planners with larger firms, David and Ed joined Barrington Wealth Management as partners in 2010 where they help clients create, preserve and pass-on substantial wealth, using a global toolkit with a local focus.  But their brand of building wealth is based on building relationships; with businesses, with families and with individuals of all ages.
To help parents tackle important money topics with their children, the partners of Barrington Wealth Management are inviting adults to an upcoming free seminar offering smart & simple strategies for teaching kids to appreciate the value of money.
The seminar is inspired by the award-winning book, Yes You Can Raise Financially Aware Kids, by Jack Johnathan.  It is scheduled for Thursday, May 9, from 7 – 8:30 p.m. upstairs at Makray Memorial Golf Club, 1010 S. Northwest Highway in Barrington.
While the program is for parents and grandparents, they’ll be concentrating on how to discuss money matters in a meaningful way with children ages 3 to 18.
They’ll also be joined by Casey McCarthy from American Century Investments to discuss a number of topics which include:
Should we give our children an allowance?
How do we help them make wise spending decisions and create savings goals?
At what age should they have access to a credit card? 
Ed says, “Kids will learn about money one way or another.  This program is for parents who want to be intentional and proactive about it.”
For a taste of the tips they’ll discuss at the seminar, we asked David and Ed to share a short-list of easy things parents can do daily to help kids develop good money habits.  First, they let us in on a few personal techniques that have worked in their own homes.
David, for example, says he set up his own form of a 401k for his two boys, Graham, who is 15, and Justin, who is 13.  “So if they go out and make 20 dollars babysitting or cutting lawns and they put it in the bank, I match it.”
Ed, who has two sons Andrew, 23, and Will, 17, along with an 11-year-old daughter, Bella, says he works hard to make his children stop and think about what they want to spend their money on instead of making impulse purchases.  “For a lot of people — even adults — one of the hardest things is to develop delayed gratification.  But now, if I can get my kids to delay a purchase, to really think about it, I’ve succeeded as a parent.”
 
Beyond these two personal approaches, David and Ed offered 7 Easy Exercises to help kids become more financially aware and responsible……

Continue Reading

Barrington Today

365Barrington Partners

From the Community

Woohoo... Sunday, January 17th has arrived! On this "Day in the Life" of Barrington, we're sharing a classic song that has a connection to January 17th, 1967. Find out what it is PLUS stay tuned for a very special story about a VIP who will soon be making a move to BARRINGTON! (Hint: He's got a big job with the @Barrington_220 School District) Can you guess who it is? We can't wait to share! Check out today’s #BarringtonDailyPage at 365Barrington.com/daily, BarringtonDaily.com #LinkInBio or here: https://wp.me/p1NGbX-1eAl 🌙 🌞✨ #ThisDayInBarringtonHistory #BarringtonDaily #365Barrington #BarringtonToday ...

1 0

Saturday night bday was hot, hot, HOT at #KYOTOCrystalLake!🔥🔥🔥 #365Barrington #LocalNeighbors #BarringtonNeighbors #BarringtonEats ...

0 0

Harry Potter themed cake and cookies! Chocolate cake layered with vanilla buttercream, vanilla cake, chocolate ganache and topped with another layer of chocolate cake! #hegwig #harrypottercake #cake #cakesofinstagram #barrington #365barrington #christissweetcafe #supportsmallbusiness ...

15 0

Luby Group Listings

$330,000
1,294
SQFT
113 S Cook Street Barrington, IL 60010
Commercial For Sale
- Active

Retail storefront in prime pedestrian location in downtown Barrington surrounded by Village shopping, restaurants, and steps to the Metra train station. Great opportunity to own a high visibility space, currently vacant, ready for you to move in and

New Listing - 3 days online
$829,900
4
BED
5
TOTAL BATHS
109 Hillshire Drive Barrington, IL 60010
Single Family Home For Sale
- Active

NOW A BRAND NEW HOUSE! ALMOST NOTHING UNTOUCHED! FRESHLY PAINTED THROUGHOUT, AND NOW WITH BEAUTIFUL WHITE TRIM! And that's not all....New carpet, newly refinished hardwood floors, brand new appliances, and freshly painted beautiful white kitchen cabi

New Listing - 7 days online
$375,000
4
BED
3
TOTAL BATHS
250 Florence Avenue Inverness, IL 60010
Single Family Home For Sale
- Pending

Welcome to 250 Florence Avenue in beautiful Inverness. Situated on approximately 3/4-acre corner lot, this lovingly maintained home is a sprawling 4-bedroom, 2.1 bathroom with an attached 4 car garage, and an immaculate unfinished basement. An abunda

New Listing - a week online
$160,000
0.52
ACRES
COOK
COUNTY
1100 Prairie Avenue Barrington, IL 60010
Land For Sale
- Active

Great opportunity to build your dream home on a half acre in Barrington right down the street from Baker Lake and Ron Beese Park. Located just over a mile south of downtown Barrington, this rare waterfront location is a few blocks away from award-wi

Newsletter