Now that college graduation season is here, parents and their young adult kids are coming face-to-face with the key post-graduation financial question that will impact them for years: Who pays for what after the college degree? That’s really a bunch of questions all rolled into one: Is it reasonable to continue providing financial support to
When my sons were in elementary school, I wanted to make sure they nailed three basic money lessons: saving, spending, and sharing. As an adult, the art of managing money isn’t much different from the piggy-bank lessons we teach our children. If we can get these three things right, we can master our finances. 1.
Monkey Business Images/Shutterstock.com Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. Anna Baluch’s parents taught her money lessons as a child that she still uses today.
An enviously money-savvy friend once told me: If you’re in debt or want to know how to save money, the most important thing is to be honest with yourself about your needs. Maybe your monthly budget absolutely must include sheet masks or weed. Maybe you would *literally die* without an afternoon coffee, or perhaps your
Bringing children into the world is an extremely rewarding prospect, but it’s also an expensive one. As such, you’d think parents would struggle to retain money after introducing kids into the mix. But actually, 34% of parents say they started investing more money after having children, according to data from Merrill Lynch and Age Wave.
The end-of-year holidays revolve around the spirit of giving, and many parents are shaking up what it means to “give” to their kids. Earlier this year, actress Mila Kunis echoed many parents’ sentiments about holiday gift-giving. In October, she clarified her comment that she was adopting a new Christmas tradition that involved “no presents for the