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Straight-Up with Chris: Real Talk on Business and Parenthood

Straight-Up with Chris: Real Talk on Business and Parenthood

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April 18th 2013:Teaching Good Money Habits with a Virtual Family Bank

In this time of instant gratification and entitlement, it is more important than ever to teach our children the importance of financial responsibility and accountability. What’s the best way to give kids hands on money management practice? How much allowance is appropriate and should it be tied to chores at home? Should paid chores be in addition to allowance? Do you encourage your child or teen to do outside jobs? How do you encourage savings? Bill Dwight developed a Virtual Family Bank to help parents teach children financial responsibility by using the technologies all kids are immersed in

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Featured Guest

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Bill Dwight

Bill Dwight has been building software for 30 years. He has held executive positions at Oracle Corporation and several innovative startup companies. Bill founded FamZoo in 2006 to help parents be more effective mentors to their kids for basic life skills like personal finance. Bill is the founder and Chief Dad of FamZoo.com. FamZoo’s award winning online and mobile software helps parents teach kids good personal finance habits through real world, hands on practice. Parents set up a private, fully customizable “Virtual Family Bank” to manage their children’s earnings, spending, saving, and charitable giving using IOU accounts or optional prepaid card accounts. FamZoo has been featured in The
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