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Before you can help your teen make wise money decisions, it’s useful to know how adolescents receive money and how they spend money.
Most college students have been at school for nearly a month making it a good time for parents to review newly created financial habits. A few simple questions can help you determine if they are on the right track financially.It is really important for them to get started with good financial habits.
College freshman will be heading to school very soon and most families are already preparing them for the day. When thinking about what your child needs, don’t forget financial wisdom. Not only is important to obtain a good education but you also want your child to leave college in a sound financial condition as well.
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.
Even more scary than your child leaving the nest may just be paying for their new nest! If your son or daughter will be attending college in the near future, you may already be experiencing some anxiety about how to pay for college tuition. Fortunately, there are several options you can look into for financial assistance.
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.
Graduating from college comes with a lot of emotions - you're anxious to start the next chapter of your life. You're sad you have to leave all of your friends from school. Lastly, you're stressed because you're trying to figure out how in the world you're going to pay back your student loans.
You have been waiting for this day for a very long time: it’s time to buy a car. But where do you start? This is unfamiliar territory; you have never bought something so big before. Certainly, the big question is on your mind: “How am I going to pay for this?”
Trying to buy a car as a teenager can be difficult, but it’s not impossible. Be prepared though, because the lack of credit history will be your largest barrier. A credit history is important because that’s how lenders know you pay your bills.