Once your child hits their teenage years, they are in training to become an adult. Adulthood hits fast and hard. When they turn 18, they can sign a lease, be legally responsible for signing a contract, open a bank account, and get a credit card. For even the most responsible 18-year-old…well, this is a lot
When I was a child, my family didn’t have much financial security. Grocery budgets were determined by whether my mom had a busy or slow night at her waitressing job. Sometimes, the utilities were turned off. There wasn’t much in the way of financial education, because my parents just didn’t know much about smart money
It’s our new reality. Children are out of school and underfoot as parents log into Zoom meetings and respond to work emails. In order to adhere to social distancing guidelines, parents are turning to virtual babysitters to help them get a few uninterrupted minutes to concentrate on work. Elizabeth Harz is CEO of Sittercity, an
As schools and districts across the country finalize back-to-school plans amidst the ongoing COVID-19 pandemic, some parents are instead choosing independent homeschooling. My inbox has been filling lately with messages from parents who may never before have considered homeschooling but are worried about their children’s potential exposure to the virus at school. Others are turned
Why do a significant number of parents still not talk to their children about wealth and inheritance? Two-thirds of Americans who have at least $3 million in investable assets have not talked to their children about their wealth or never will, according to a Merrill Private Wealth Management study of 650 families. Some in the
Denise Clark was at her wits’ end. Her elderly mother, who had already drained a modest 401(k) and tapped the family home for a home equity line of credit, wanted Clark and two siblings to subsidize her living expenses. Items included non-essentials such as a brand-new car loan and generous birthday gifts for extended family