Every parent wants the best for their child, and schooling plays a significant role in determining what opportunities await them later in life. While there are many techniques to help children excel in school, a commonly debated topic is whether you should pay your child for good grades.
Every parent knows that feeling when a child is begging for candy at the checkout line or your teen asks for cash before going out with friends. Do you give in or make them use their allowance money? While paying allowances to children is common today, it’s wise to use this practice as a means to teach responsible money management and important decision-making skills.
Nowadays, everyone in the family is using technology - from kids to grandparents. These convenient digital tools instantly connect everything, from friends and family to financial accounts and shopping. Unfortunately, they also open the door to fraudsters.
Are you thinking about expanding your family with a pet? Before you head to a local animal shelter or start browsing pet stores, it's a good idea to consider the financial commitment adding a new member to your family brings.
Over the years, parents teach their children many things. How to grow gardens. How to care for pets. How to be polite and thankful. Even how to prepare simple meals. One important lesson that parents need to teach that often gets overlooked is the importance of saving money.
You recently had a new baby. Right now, you are officially in "new parent mode." You are changing diapers, feeding the baby, and crossing your fingers that you will get the occasional afternoon nap in so you can survive those long sleepless nights when the baby is fussy.
As a parent, one thing that is always looming in the background is your child’s college education. Yes, you want the best for your child – to send them to a good school; to make sure they get a great education. But, all you hear about in the news is skyrocketing college prices.
When preparing to send your child off to college, one thing that may be on your mind is whether or not your child should have their own credit card. The reason you’re likely asking yourself this question is that you know credit cards can be extremely beneficial in certain situations.
It’s no secret you want the best for your children. What good parent doesn’t? You want them to have great friends, a solid education, and, in general, the best life possible. One way you can help considerably is by starting a savings account for them and developing a plan to add to it regularly.
Did you know children as young as 3, can begin to understand how money works, including how important it is to save for a favorite toy? And, by the age of 7, most kids have already formed their basic money habits. Are your children savers, spenders, or, like many other kids, simply unaware of money’s importance?
