The Wela Way Blog

Nancy Phillps

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....

How Teaching Financial Life Skills is Like Sports

Today I'm going to talk to you about how teaching financial life skills is a lot like teaching sports. There are a few key reasons for this. First of all, when you're learning a sport you have to learn basic skills. Whether it's football, volleyball, tennis,...

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