In The News

The Wall Street Journal

Six Assumptions Advisers Shouldn't Make About Wealthy Clients

The assumption: The adviser's role is purely to help preserve and maximize the client's wealth, for instance by minimizing the impact of taxes on the estate. How to avoid it: Engage clients in discussions about the qualitative—not just the quantitative—aspects of money. Determine what role they want it to play in their lives, and in the lives of future generations. Then plan accordingly. —Nathan Dungan, owner, Share Save Spend, Minneapolis

CNBC

How Giving Your Child Allowance Can Pay Off

"From my point of view, allowances should be required. You want kids to get comfortable with money," said Nathan Dungan, president of Share Save Spend, an organization aiming to help people develop healthy financial habits. "It gives a really critical structure and kind of intentional marking point that a child develops to get them comfortable with money."

The Wall Street Journal

Save Your Clients From Raising Brats

Mr. Dungan says there are three critical elements to help clients raise an anti-brat. First, parents need to take control of their family's "money narrative," he says. Too many parents fall into the trap of thinking their kids will magically learn about money with little to no effort on their part. As a result, the parents "cede the money narrative" to the culture of consumerism, which has no interest in the child developing healthy money habits, he says.

Toronto Sun

Have a Valentine's Day on Budget Without Looking Cheap

According to money guru Nathan Dungan, “retail marketing forces whip-up this insane consumer pressure for couples…” He’s all for expressing love, but go counterculture with meaningful low or no-cost gestures.

MarketWatch

Stop Nagging Your Kids About Retirement

“Absent an intentional conversation about things, people tend to fill in their own narrative,” said Nathan Dungan, founder of Share Save Spend, a Minneapolis-based company that works with schools, employers and families to encourage healthy money habits. “Rather than trying to surmise about what’s happening, have a discussion about what’s happening.”

Star Tribune

How to Keep Holiday Spending, and Expectations, in Check for Your Family

With Black Friday (and Cyber Monday) looming, this is the time when many families will start thinking about holiday spending; and after the holidays are over, will once again find themselves wishing they had done things differently, said Nathan Dungan, a national speaker and consultant on financial literacy and founder/president of Share Save Spend. The Thanksgiving holiday provides a good opportunity for kids to learn more about what life was like for their older relatives, even on the topic of holiday gift-giving. Article includes an exercise called "Turn Back the Clock" from the book "Money Sanity Solutions: Linking Money + Meaning," by Nathan Dungan.

The Wall Street Journal

Should Parents Come to the Rescue When Adult Children Need Money?

Nathan Dungan, president and founder of financial-education firm Share Save Spend, has clients who are paying the mortgage for an adult son and his wife because of a job loss. The younger couple doesn't have a steady income stream, but eats out several times a week. "The parents don't want to be micromanaging, but they are also saying that they are finding a sense of entitlement here," Mr. Dungan says.

MarketWatch

How to Help a Jobless Friend of Family Member

With careful planning, loans can be repaid, even if not in the near term. Providing clear terms, including the time period of support, is crucial, experts said. Nathan Dungan, a personal-finance expert who works with young people and adults, said support should be finite. “Not that you want to micro-manage someone who is struggling, but if there’s no discussion about time limits or expectations, there’s a potential slippery slope. Being really honest and open about the parameters of the support early on is really important,” Dungan said.

The Wall Street Journal

When Your Child's a Spendthrift

Parents should also help children deal with the psychological effects of inheriting great wealth, which may require the assistance of a therapist.For many people there's a lot of guilt associated with the inheritance because it wasn't earned, says Nathan Dungan, a wealth coach and president of Share Save Spend.

Almanac

Killer College Costs

Why are higher ed costs rising so swiftly? And what are families and students to do about it? We presented a panel on the topic. St. Olaf Financial Aid Director Kathy Ruby is joined by financial planning expert Nathan Dungan and Star Tribune higher ed reporter Jenna Ross

The Wall Street Journal

How to Raise a Philanthropist

Nathan Dungan worked with a family whose teenage son's eyes glazed over anytime the parents asked about what type of volunteer work he'd like to do. But when their son's friend died, he organized a food drive in the friend's honor to benefit a local shelter. The parents were shocked and thrilled, says Mr. Dungan, the creator of Share Save Spend, a Minneapolis-based educational company created to help families develop healthy financial habits.

MarketWatch

Give Kids Financial Help, But Don't Stifle Them

At what point does investing in your children go too far? Supporting education, vacations, extracurricular activities is fine, to a point, but when does your spending become enabling, stifling independence? Family-finance counselor Nathan Dungan, founder of Share Save Spend, has advice for parents. Jonathan Burton interviews Nathan.

The Wall Street Journal

Debit Cards Can Help Teens Budget

Be realistic about your teen's maturity, says Nathan Dungan, founder of counseling firm Share Save Spend, which teaches families about money matters. It may be that cash is more appropriate -- it's tangible and if you don't have it, you're out of luck. "It's a big responsibility to put a piece of plastic in a child's hand," Mr. Dungan says. "When a person uses plastic instead of cash, they spend more. Some 12-year-olds are more ready for it than some 15-year-olds."

MarketWatch

Teaching Money Values in School

A greater emphasis on financial education in U.S. schools wouldn't have prevented the current economic crisis, but it would have helped more people avoid debt trouble. Nathan Dungan, president of counseling firm Share Save Spend, infuses his lessons with the idea of money values. MarketWatch's Andrea Coombes visits him as he teaches high-school seniors in Palo Alto, Calif.

The Wall Street Journal

Making Piece with Plastic

One exercise to use, says Nathan Dungan, president of Share Save Spend, a Minneapolis-based firm providing values-based money education, "is when your credit-card bill comes in, go through it line by line, answering...was this a need or was it a want?"

MarketWatch

Five ways to prepare for a layoff

"More than 230,000 Americans have lost their jobs so far this year, and the outlook isn't pretty. Maybe you work for a company that has announced cuts, and you expect to be among them. Or perhaps you're employed in a battered business such as banking or airlines, where it seems the axe could drop at any moment."

Public Radio's On Being

Money and Moral Balance

The sales are starting, the stores are open late, and many of us are gearing up to spend more money than we actually have in a holiday season with deep roots in religion. We explore the turmoil many of us experience with money in our day-to-day lives — and how we might work towards a moral and practical balance for ourselves and the next generation. Featuring Nathan Dungan, a financial educator and president of Share Save Spend, an organization that helps people develop healthy financial habits.

Time magazine

Dollars and Sense

"Puh-leeze buy me this, mom!" Every parent has heard the plaintive wail of a child begging for one more toy, outfit or serving of fast food. In his book Prodigal Sons & Material Girls: How Not to Be Your Child's ATM (Wiley), financial adviser Nathan Dungan, based in Minneapolis, Minn., offers helpful advice on ways beleaguered parents can respond.

Pages