Virtually all financial experts agree that learning how to make a basic budget is one of the keys to monetary stability. Making the budget alone is not enough, however. Your child also needs to be able to track his money…
By now, you should have a pretty good handle on the idea that kids and saving need to go together tighter than peanut butter and jelly. Of course, more than one way for kids to save is available. Two of…
Allowance is one of the most debated topics when it comes to teaching children financial literacy. A huge part of the controversy is whether the allowance is challenging enough—that is, whether it teaches entitlement. If you don’t plan on connecting…
Kids are pretty observant, and they learn by what they see. Sooner or later, they’re bound to make comparisons about money and see that financial situations vary a lot from family to family. You’ll need to go over the basic…
Education is one of the fastest growing costs families face, so some saving is a virtual requirement if you plan to send your kids to college. 529 Plans At least some of the money you put away for your child’s…
Saving supports just about every other financial task and decision your child later learns. How much your child should save isn’t clearcut. To decide what is best for your child, approach saving with a few considerations in mind. The…
Next to housing costs, food bills are the highest economic concern for the American family. Nicole Seghetti of The Motley Fool reports that a modest average receipt for a family of four standing at roughly $237 a week ($12,300 annually)…
Just about every parent or guardian has heard horrible stories of identity theft. What many parents and guardians don’t realize, however, is that children are far more at risk for identity theft when compared to adults—parents sometimes miss the fact…
Just about everybody has the proverbial “rainy day” when it comes to finances, and even if your children have an exceptionally trouble-free, they still need to save for the retirement years. The sooner you encourage your kids to save, the…
Children grow up incredibly fast, and before you know it, it’s time for them to branch out into the world and get a job. This goes a long way into fostering both independence and financial security, but the transition into…