They say the apple doesn’t fall far from the tree. And when it comes to money habits, I’m living proof. As both my parents were frugal, I picked up a thing or two—both good and bad—about saving money. My mom, who was a single parent and raised my older brother and I with two full-time
Kids are inherently expensive, even for the most frugal families and the most careful financial planners. And although your bundle of joy comes with a host of costs you need to prepare for, there’s no reason to make having a baby even more expensive than it has to be. Unfortunately, many parents make money mistakes
When it comes to teaching your kids about finance, there’s no better way to start than a conversation. Laura Levine, president and CEO of children’s financial literacy group JumpStart Coalition, says that incorporating money conversations into your everyday activities is the best way to start teaching your children about money. And, she says, kids can
Teens and money seem to be mutually exclusive—if our kids don’t learn the right lessons early, they’re likely to make big financial mistakes. It doesn’t help that they’ve got to learn most of these important lessons before they enter college. But, as parents, we often don’t give our teens enough credit. They are quick learners,
Dear kids, We are very proud of you for getting into college! You’ve done a great job applying for financial aid and saving your earnings from your summer job. Now, it’s time to have “the talk”. Don’t worry, not that “talk”! It’s about something much more terrifying: money. We know that your savings and financial
After the age of 60 or 65, many people think that life insurance is an expense of the past. Not only are most people able to cover basic funeral expenses at that time, but they’re usually more financially stable. In some events, people begin paying into funeral planning so their family simply won’t have the