As I watched our little son crawl around this morning, I realized I had a lot to teach him. How am I possibly going to pass on everything he needs to know? Then I realized, why not teach it one little bit at a time? I decided I’m going to start publishing frequent little money tips for him. By the time he’s old enough to read and understand them, he should have lots of nice bite-sized advice on how to be good with money! Where to start? Here goes, tip #1.

Be Careful About Lending Money
If someone borrows a small amount of money from you, say fifty cents or a dollar, don’t expect to have it paid back. They will probably forget because it’s not a lot of money.

If someone asks to borrow a large amount of money from you think twice before saying yes. If it’s a friend or family member, lending them money could potentially complicate and hurt your relationship. If it’s not a friend or family member then you probably don’t want to trust them with your money.