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IN THE NEWS

Unspoiled Children, No Rod Needed - The Wall Street Journal

If you feel guilty about working so much, plan a time to take your child to the park or cook a meal together instead of giving into the impulse to buy a new toy. "Buying them a gift won't make up for lost time and have a lasting impact on their happiness," says Nathan Dungan, owner of Share Save Spend in Minneapolis.

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Squandering the Family Fortune: Why Rich Families Are Losing Money - CNN Money

"Families need to take their time to shape their attitudes toward wealth," said Nathan Dungan, who runs the family wealth consultancy Share Save Spend. "It needs to go beyond maximizing returns and reducing taxes."

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How to Let Go of Materialism - Scientific American

Fortunately, materialism can be purposefully altered, as the team discovered in the fourth study—the first ever to use a randomized, controlled design to try to change materialistic beliefs. A group of adolescents from the U.S. joined a program [Share Save Spend's Financial Sanity curriculum] designed to lessen the value they place on materialistic goals, whereas a control group did not receive the intervention. In three sessions [lead by Nathan Dungan] lasting three hours each, participants were taught about consumer culture. They were also encouraged to clarify their intrinsic values (such as self-growth, closeness with friends and family, and contributing to the community) and to make financial decisions based on those values.

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Mandatory Savings Could Help Save for Retirement - Star Tribune

We’re spendaholics who live powerless to rein in our spending. Few of us are taught to save as kids, so it never becomes an innate habit, said Nathan Dungan, founder of Share Save Spend, a Minneapolis-based program that teaches families about money strategies. “We have enormous pressures to spend rather than save,” Dungan said. “Spending will always be sexier than saving.”

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How Not To Blow That High School Grad Money - Star Tribune

“It feels like winning the lottery to them,” said Nathan Dungan, founder of ShareSaveSpend, which teaches money strategies to families through books, seminars and a website, Sharesavespend.com. “But on what planet does an 18-year-old know how to handle that?” Dungan finds that families who have previously established guidelines about finances and goal setting are better positioned to handle a sudden influx of cash. But for families less skilled at saving, he sees graduation as an opportunity for parents to deliver a real-life lesson.

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Teaching Your Kids to Be Rich - The Wall Street Journal

"You can start as soon as your kids say 'I want.' Kids prone to immediate gratification have lower self-esteem. Kids who understand money is more than instant gratification have higher self-esteem," says Nathan Dungan, a wealth coach in Minneapolis and author of "Prodigal Sons and Material Girls: How Not to Be Your Child's ATM."

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Lifestyles of the Rich and Famous - Artful Living

It's tough to raise a genuine, levelheaded kid, full of gratitude and humility and a sense of purpose. It can be even more difficult to raise a kid when there's a trust fund afoot. "Parents have described it to me like looking up at Mount Everest and having no oxygen and no Sherpa," says Nathan Dungan, a private wealth consultant in Minneapolis and founder of Share Save Spend.

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National Save for Retirement Week Podcast

Commerce Commissioner Mike Rothman, talks with Nathan Dungan, founder and president of Share Save Spend about retirement during National Save for Retirement Week, a national event that encourages saving in the workplace and community and promote the benefits of getting start today.

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How to Keep Your Kids from Becoming Money Abusers - MarketWatch

Go on a learning journey with your kids,” says Nathan Dungan, founder and president of Share Save Spend, an organization that promotes financial responsibility. “Just talking about money starts to yield benefits.”

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Majority of Canadians Looking for Deals When Back-To-School Shopping - The Toronto Sun

While the kids love the back-to-school shopping frenzy, according to personal finance expert Nathan Dungan, most parents loathe the outings because it’s usually a battle over needs versus wants.

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Six Assumptions Advisers Shouldn't Make About Wealthy Clients - The Wall Street Journal

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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

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How Giving Your Child Allowance Can Pay Off - CNBC

"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."

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The Inheritance Conversation. Ugh. - The Wall Street Journal

For many parents, it is easier to talk to their children about sex than money. And there are few touchier subjects for wealthy families than the topic of inheritance.

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Save Your Clients From Raising Brats - The Wall Street Journal

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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.

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Have a Valentine's Day on Budget without Looking Cheap - Toronto Sun

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.

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Stop nagging your kids about retirement - MarketWatch

“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.”

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Tips for Avoiding Holiday Hell - 24 Hour Vancouver

The onslaught of shopping ads has us salivating, cultivating insatiable appetites now and turning Christmas into nothing more than a spending orgy. “While it’s fine to both give and receive gifts, the holidays breed a hyper-consumer frenzy that often leads to increased stress and unnecessary anxiety.” says money guru Nathan Dungan.

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How to Keep Holiday Spending, and Expectations, In Check for Your Family - Star Tribune

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. "If you let the culture define the experience for your family, you're in for some tough sledding," said Dungan, of Minneapolis.

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The Holiday Spirit - Worth Magazine

"The ideas is how to hit the pause button on the 'Gotta have it now' mentality," says Nathan Dungan, a former financial consultant who is president of Share Save Spend, an organization that helps families develop financial habits which incorporate saving and sharing.

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True or False: Many Americans Don't Understand the Basics of Investing - The Wall Street Journal

Nathan Dungan, founder of Share Save Spend, a Minneapolis-based company that works with schools, employers and families to encourage healthy money habits, gives the nation a C- in financial literacy.

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Give an education in smart shopping - Star Tribune

Nathan Dungan, author of "Money Sanity Solutions: Linking Money + Meaning," said parents first need a plan. Without one, they could end up overspending

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Learning the Value of Money; Share, Save, Spend - MyBankTracker

I learned the “share, save, spend” idea from Nathan Dungan. He runs a website by that name that aims to “help youth and adults achieve financial sanity by developing and maintaining healthy money habits that link to their values.” I’m a huge fan of Nathan’s, largely because he provides me with a simple framework to teach my daughter what money is about.

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Learning to balance a bike - and a checkbook - StarTribune

Talking about money needs to be a regular activity with kids. No child develops lifelong financial habits after one seminar, said Nathan Dungan of sharesavespend.com. "Think about teachable moments when you're at the bank or the grocery store," he said.

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Should Parents Come to the Rescue When Adult Children Need Money? - The Wall Street Journal

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.

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Color the 1 Percent 99 Percent Conflicted - The New York Times

When the extended family of three brothers who built a major Southern construction company gathered for Christmas dinner last year, the teenagers and young adults asked the parents, “What do you think of Occupy Wall Street?” according to Nathan Dungan, a Minneapolis-based author and consultant on the topic of families and wealth who has advised this family.

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Ask Nicely, Please - The Wall Street Journal

Ideally, a child, from a fairly young age, is learning from his or her parents and grandparents how to be a wise giver, says Nathan Dungan, a wealth coach and president of Share Save Spend, which is based in Minneapolis.

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How to Help a Jobless Friend of Family Member - MarketWatch

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.

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Financial Pro Discusses Boomerang Kids - FOX 9 News

The struggling economy has birthed a new trend called "boomerang kids," which are recent college grads who move back home and can place an extra financial burden on parents. FOX 9 News spoke with Nathan Dungan, author of Money Sanity Solutions, about ..

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When Your Child's a Spendthrift - Wall Street Journal

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.

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Killer College Costs - Almanac

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.

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Back-to-School Shopping - Star Tribune

Back-to-school shopping season is a great teachable opportunity for kids and teens, says Nathan Dungan, founder and president of Share Save Spend and author of "Money Sanity Solutions: Linking Money + Meaning." With a little advance planning, the experience can be successful rather than stressful.

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Finance Pro Talks Hyperconsumption Woes - FOX 9 News

Many Americans are criticizing the nation’s leaders for running up the federal budget deficit, but the Federal Reserve suggests American families are living beyond their means at a greater rate than the government. FOX 9 News spoke with Nathan Dungan, founder and president of Share Save Spend -- a company he started nine years ago to help people, about the woes of hyperconsumption.

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How to Raise a Philanthropist - The Wall Street Journal

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.

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Make money part of family discussion - Star Tribune

Nathan Dungan, founder and president of Share Save Spend, admits that teaching kids about money "can be like drinking water from a firehose," given that it's such a broad topic that encompasses saving and spending, wants and needs, financial goals and more. However, he believes the earlier parents begin those conversations with their kids, the more naturally "money talk" will become part of daily family life.

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Money Matters - Minnesota Monthly

Nathan Dungan has more than 20 years of experience counseling people on money matters. His latest book, Money Sanity Solutions, aims to help families boost financial literacy. Here, his take on money and how to make the most of it.

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Money Sanity - The Private Client Reserve

“No one says their goal is to raise a selfish, narcissistic kid,” says Nathan Dungan, founder and president of Share Save Spend®, an industry thought-leader on helping youth and adults link their money decisions to their values. “We help people think money, talk money, and do money in brand new ways, especially in ways that link to a family’s values.”

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Start with $10,000 and retire a millionaire - MarketWatch

“Whether you’re 25 or 45 or even 55, you’ve got to start somewhere,” said Nathan Dungan, founder of financial education firm Share Save Spend.

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Thrive in 2025: Raise a Money-Smart Kid - Parents Magazine

Your kids may hear about a place called "Mommy's job" all the time, but it remains an abstract concept until they see where you go and what you do every day. This exposure will help your children grasp the relationship between working and making money. "And eventually they'll realize that by spending time at your job, you make money to pay for things your family needs," says Nathan Dungan, a family-finance expert and author of Prodigal Sons & Material Girls.

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Give Kids Financial Help, But Don't Stifle Them - MarketWatch

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.

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take KARE of your Money: Family Finances - KARE11

"Why is it important to have money saved up?" nationally acclaimed author and financial expert Nathan Dungan asked them. The question was directed at the Ali's children, 12-year-old Aasim and 8-year-old Sanah. Sanah told him she would need to save a million dollars for college.

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Spending Gone Wild - Toronto Sun

Finance guru Nathan Dungan says that thoughtful money management quickly unravels when shoppers enter the hypnotic zone of holiday spending. “It’s like someone flips a switch and all good judgment flies out the window at the first sign of a holiday themed commercial.

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Finance expert shares money tips with students and parents

When Nathan Dungan talks about money on college campuses, the students are all ears.

 

The family finance guru, with 20-plus years of experience under his belt, is animated and quick to crack a joke. In fact, he even dresses like most of his young audience. On a visit to St. Catherine University in early October, he wore blue jeans and a black sweater — and had successfully engaged the parents in the crowd as well.

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Students away at school may be struggling with funds - Winnipeg Sun

Many students don't have a clue about managing money, says leading financial expert Nathan Dungan. Life has been funded by parents who are really shortchanging their kids fiscally. "Somehow money issues like bill paying, budgeting and living within your means will magically get resolved without ever working at it."

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When teens' clothes are too revealing - Toronto Sun

It's not their fault. Kids are subjected to more than 5,000 advertising impressions per day, says leading financial educator Nathan Dungan. Our society is working overtime to addict people of all ages to spending and the social, economic, and spiritual implications are beyond anything we can comprehend.

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Debit Cards Can Help Teens Budget – The Wall Street Journal

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.

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Paydirt: Experts offer advice for college and beyond – Star Tribune

Nathan Dungan literally wrote the textbook on personal finance and speaks at colleges nationwide. What does he think is most important for students to understand? Themselves. "Know your money temperament ... the lens through which you view and do money," he said. If having money makes you want to spend it, it's best to know that and figure out a way that works for you to keep that natural tendency in check.

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Teaching Money Values in School – MarketWatch

Check out the MarketWatch story featuring Nathan’s presentation to high school seniors in Palo Alto, CA about the idea of money values.

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It's Time to Unspoil Your Kids - Money Magazine

"Parents are seeing the shortcomings of giving children everything they want," says Nathan Dungan, financial coach and author of "Prodigal Sons and Material Girls." For one thing, it's costly to cater to a child's every whim - a cost that's harder to bear in an economy of anxiety.

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Saving Matters More Than Ever – Wall Street Journal

Live by example. Recession sales are everywhere, but you don't have to buy. "You're up against a consumer culture telling you to spend money you don't have," notes Mr. Dungan. "Make sure your actions support what you're saying."

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Making Peace with Your Plastic – Wall Street Journal

One exercise to use, says Nathan Dungan, president of Share Save Spend, a Minneapolis-based firm providing values-based money education, "is when your ...

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Five ways to prepare for a layoff – MarketWatch

"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."

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Money and Moral Balance – National Public Radio's Speaking of Faith

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.

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Dollars and Sense – Time magazine

"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.

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