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.
This April, FORUM is celebrating National Credit Union Youth Month. Welcoming youth as FORUM members and helping them form positive habits around managing and saving money is a vital part of what we have done throughout our 77-year history.
As a parent, you probably want to give your kids the best opportunity to be successful. Part of their success depends on making wise financial decisions and the best way to do that is to start them as early as possible on understanding important financial concepts that will be key to their future. Raising a money smart kid is an important part of being a successful parent.
Not sure what to get your kids or grandkids this year for Christmas? With only a handful of days remaining, I have a few Christmas gift ideas that might just be what you should be putting under your tree. These are more about giving a gift to set them on the right financial path.
Now that everyone is in full holiday mode, most of us are busy making plans and creating to do lists of what all we need to do in the next 30 days. If you have kids, using the holidays as a teachable financial moment should be on that list. There are several opportunities to help incorporate financial wisdom in our holiday traditions.
In the next couple of weeks, thousands of college students will be heading off to college for the first time. As parents, there is a wealth of information to impart to your children to make sure they have a successful college experience and that includes the financial aspects of college.