That first job as a teen is almost as exciting as passing the driver’s test and getting a license to drive. There is a certain amount of freedom in both. One represents greater financial freedom, while the other represents freedom of movement.
For some parents, the thought of teaching preschoolers about money may seem a little premature. However, this is one of the most vital ages to begin developing lifelong lessons and creating important habits about saving and spending money.
Your parents have been there for you over the years. They have raised you into a loving, caring person who wants to do what’s right for them as they age. However, it may not always be obvious what the right decisions are for their changing needs.
That first paycheck your teen receives from his or her first job seems like gold to them. They worked for those funds. Now, it is up to you to teach them how to use that money wisely.
Landing your first job out of college is an amazing feeling. And the paycheck definitely makes staying up all night cramming for tests worth it. However, before you start daydreaming about all that your new income can afford, begin by setting some rules for saving.
Money is one of the most challenging topics for today’s parents to discuss with their children. In some cases, it is the direct result of their own money insecurities. In others, it’s about not realizing how valuable these lessons are to learn as early as possible for children.
When studying in college, you might feel like you’re trapped in a bubble. From countless textbooks, presentations, theories, and mock simulations, you may begin to ask yourself how much of this information you will actually use in the real world. That’s where internships come in.
Life can be pretty hectic as the parent of a newborn baby. Your mind is racing with thoughts of feedings, changing diapers, and sleep…much-needed sleep! Any financial thoughts are likely geared towards buying more diapers or formula.
There’s nothing quite like that first year or two of marriage when all is right with the world, and your new spouse can do no wrong. But if you don’t take care of a few money matters during these early days of marriage, you might find your finances falling into a hole that won’t be very easy to climb out of.
When looking for ways to save more money, it’s essential to include the whole family. When everyone within the household has a clear understanding of the family’s finances and monetary goals, you’re more likely to succeed.
