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
Teaching children how to handle money responsibly is one of the most important things a parent can do to prepare them for adult life. Helping kids understand the value of money from an early age can provide the perfect platform for financial prudence when adulthood comes around. While everyone’s financial circumstances are different, the theories
When you have a baby, it’s hard to imagine that baby retiring from a 40-year career. But it’ll happen. If you’ve already figured out your retirement plan and have all of your financial ducks in a row, there are ways to start setting up your children for financial independence from the time they’re born that
Insurance isn’t the most thrilling to think about, but it’s necessary for protecting yourself, your family, and your wealth. Accidents, illness, and disasters happen all the time. At worst, events like these can plunge you into deep financial ruin if you don’t have insurance to fall back on. Some insurance policies are unavoidable (think: car