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,
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
A new survey shows just how financially and logistically hard summer can be for working families. Summer can be a wonderful, festive time to enjoy vacations, pool days and backyard BBQs with family and friends. But the season can also present a logistical—and financial—headache for many working families. After all, when school isn’t in session