As a child, I was given a small weekly allowance. But unlike most kids, I didn’t choose to spend it right away. Instead, I couldn’t wait to put it in my piggy bank. At that age, I wasn’t really saving up for anything, it was just exciting to watch my bank get filled with coins. Although
Set a good example when comes to money habits, and you’ll raise financially responsible kids. Here’s how. Be Transparent About Finances In many homes, money is treated like a well-guarded secret. The majority of parents do not tell their children how much money they make or how much things cost. Financial secrecy in households breeds
Wedding season is here! That might mean you’ve got more than a few weddings your budget didn’t account for. While celebrating the love between friends and family is certainly a happy occasion, the cost of attending weddings – and especially being a member of the wedding party – can add up quickly. According to “USA
You don’t have children of your own, but you’d like to help your friends’ kids pay for college. Here’s what you need to know about gifting a 529 account. This is what individual experts have to say generally about an issue that affects each person differently—if you want personalized advice you should see a financial
Sarah and I welcomed our first child into the world in 2005, not too long before the launch of The Simple Dollar. Since then, we’ve been on this shared journey called “parenting,” and as our firstborn has grown older and we’ve added two more children to the mix, the challenges have grown and changed. In
How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right? Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae. Savings covers less than one-quarter of collegiate funding for the typical family.