Walnut Creek-based financial planner Greg Warner’s new Cookbook for
Money offers advice to women on managing money and setting priorities.
Here are some fresh-from-the-oven tips for good money management.
Treat the media’s financial advice like gossip. It may sound interesting, but it’s not always right.
- Don’t become a victim of identity theft. Protect your personal
information and learn the warning signs of potential fraud. “‘Phishing’
e-mails look very official, but ignore them. Your bank will never ask
you for account information by e-mail.”
- Teach your kids the most important skill they don’t learn in school: money management. Talk to your children about money whenever you’re spending it—while grocery shopping or paying the bill at a restaurant. And don’t turn their bedroom into a toy store. “I don’t think parents should buy everything their kids want,” says Warner. “Let them save up the $30 or $40 to buy the newest video game, if they really want it.”