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Ever wonder how or even what you should be teaching your teenager to help make them more financially prepared? The teenage years can be a difficult time to impart financial wisdom. They have little income and very little if any financial responsibility. If one is not careful, it is very easy to create bad financial habits during these formative years.
How financially savvy is your college aged child? Are they prepared for the real world and ready to make real financial decisions on their own? Building good financial habits during college is extremely important to long term financial success. Following are few ways to help your child become good at making financial decisions.
If you have kids, no matter the age, you’ve probably at one point at least thought about how to
pay for college someday. If you don’t already have a plan in place, or if you have a plan, but
you’d like additional suggestions, we have a couple ideas to help you get started
Having your first child or adding to your family is a very exciting and rewarding experience. Before the baby arrives there seems to be a lot to do, fix up the nursery, attend baby showers and yes, start planning financially for that new bundle of joy. New children often require a re-working of the monthly expenditures, whether you are on a budget or not.
As a parent you know that saving for your child’s future is important. You may have established several different methods for saving for them including education funds. While it is important for you to save for your child, it is just as important, if not more,to teach them to save for themselves. Here are a few ways to get them started saving for a new car, college, travel, and other expenses.
It’s seems harmless enough: you want your child to do well in school so you offer them money for good grades. So, is paying for good grades the best solution for you and your child? Here are some things to consider...
You can’t protect your kids from everything in life. However, what you can do is protect your child from a difficult financial future caused by student debt. Student debt could not only cause your child to cope with a considerable amount of stress, but it can also cause them to put off getting married, buying a home, or even saving for retirement.
Your parents do a lot for you, so you may be asking yourself what you can do to help them out. As a member of your household, there are plenty of things you can do that will make a world of difference, not only for your family, but sometimes for the environment too.
Be sure to tell your parents about your changes. They will be very proud of you, and they may make some changes as well.