The Wela Way Blog
Nancy Phillps
You Have to Be Cruel to Be Kind – Why I Won’t Rob My Children from Earning Their Own Successes
Yes, it feels good as a parent to be able to take care of your children - but at what point does it begin to hurt them, and prevent them from developing the capability to take care of themselves as young adults in the “real” world? This past weekend was a big one in...
Top 10 Student Stress Relievers for Exam Time
Several people, including parents and those with various roles in academia, have spoken to me lately about the high levels of stress students are feeling in today’s world. In this short post, I want to share 10 of the most effective stress and anxiety reducing actions...
5 Dangerous Mistakes to Avoid when Teaching Your Kids about Money
While the topic of money has long been a taboo topic in many homes, it’s more critical than ever that we begin to make a conscious effort to teach our children the basics before someone else does, someone who may not have their best interests at heart. We all know...
10 Reasons Why the GISS Method is Better than a Piggy Bank for Helping Your Kids (and Teens) Develop Essential Financial Life Skills
The piggy bank is a very valuable tool for teaching kids the concept of saving and delayed gratification, both of which are fundamental to developing self-control when managing money (and life!). While very important, these factors are just one facet of creating good...
Help Your Child Learn the Difference Between Needs and Wants
Today I want to give you a few tips for how to deal with your kids’ “wants” when you’re out there going through stores and you get stopped in your tracks with “mom, will you buy me this?” This is a challenge that parents of young children have all the time in today’s...
15 Essential Financial Life Skills
Today I want to just tell you very briefly about a free download I have available for you. What this free download is, is the essential financial life skills that you'll want to teach your kids. Now, how this came about is, when I found out that children were not...
Where did the storybook name The Zela Wela Kids come from?
Today, I’m going to answer a question that I get asked quite frequently which is, “how did you come up with the name of the storybooks that you wrote for your kids?” Well, this is how it came to be. ‘Wela’ means well-being and wela is also the root of the word wealth,...
What age should you start teaching your child about money?
One of the most frequent questions I get asked when it comes to financial life skills for youth is, what age do I start teaching my children. Well, I think it's really important that I let you know that there are numerous large studies that have been done in the last...
The Power of Buying With Cash vs. Debit or Credit
Today I have something really important to talk to you about; the urgency for us to teach our children financial life skills. We have a perfect storm occurring in our society right now so it's critical that parents know about it. First of all, you've got increased...
The Importance of Setting Goals
Today I'd like to talk to you about how important it is for our youth to set goals. It's actually more important than ever and the reason for this is, there's actually quite a few, not just one. First of all, setting goals helps a person clarify what they want to do....
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