Starting a family can be a very exciting time for couples. Preparing to start a family financially can be one of the most important planning steps new parents can take when starting a family. These pre-baby tasks will help you have the information you need to make all of the financial choices that new parents make so that you are prepared financially for kids.
If you want to teach your kids smart money moves, using the holidays is a great place to start and it might start with you remembering what those smart moves really should be this time of year. The holidays have so many opportunities to see and practice smart money management.
If you struggle with how to teach smart financial habits to your children, start with looking at all the opportunities that the holidays can provide for financial education. Modeling good financial habits in a time that traditionally is all about forgetting smart money moves is a great way to help your children learn how to live a financially successful life as adults.
One of the most important lessons your college students needs to learn is how to be financially savvy. Hopefully, you had the opportunity to share important aspects of being money smart before your child headed off to college. Regardless of whether you did or didn’t, when you see them for Fall or Thanksgiving break, here are a few tips to help you discuss smart financial habits with your student.
In the next couple of weeks, thousands of college students will be heading off to college for the first time or maybe the fourth time. As parents, there is a wealth of information to impart to your children, but perhaps the most important are the following five financial tips.
Even though summer doesn’t officially start for a couple of more weeks, most kids are out of school, the weather is warmer and most of us are in full summer mode. Summer, unfortunately, is a time that many can make blunders that can turn their financial situation upside down.
Paying for college with the 529 college savings plan may be one of the best ways to help you save money for your children’s education. There are many different types of 529 plans and most states offer their own version. Generally though, most have very similar characteristics when it comes to the basics.
Numerous studies have proven that children who get a basic understanding of financial concepts early in life are much less likely to have financial difficulties later in life. It may be surprising how many opportunities that parents have to teach their children about financial matters early in life.