Without a doubt, becoming a parent is an exciting event in your life, whether it's your first child or your fourth. It’s a phase where you are happy and nervous at the same time about how the future will unfold. You might have been preparing for this event for a long time (or not!), but when you actually experience it things sometimes seem uncontrollable and stressful.
When we teach our children to have a solid understanding of money, we’re setting them up for financial success as teens and adults. One of the best ways to start is by teaching them the three key financial concepts they’ll need to understand and adhere to in order to make good financial decisions later in life.
As the cost of a college education continues to increase, saving and paying for college expenses weighs heavily on the minds of many parents. There are a variety of options to choose from when planning for your child’s education. One type of savings account that can be used to help you prepare for these educational costs is a Coverdell Education Savings Account.
It's never too early to start teaching kids about money. Good skills, that are learned at an early age, can have a lasting impact for the rest of a child's life. In fact, this is one of the most important areas where you can truly change the course of your child's life. Educating your children about financial wellness, will help them build healthy spending habits for the future.
It can be daunting for any parent to give new responsibilities to their children, whether it is their own car, full access to the internet or cable, or trusting them while they are out with friends. Similarly, giving your teen the responsibility of a credit card is a task that requires careful consideration.
As parents we all want to teach our kids the best habits possible to help them grow into happy and healthy adults, that includes nurturing financial health. Sometimes it can be hard to gauge exactly what financial concepts to teach our children at different ages. Here is a quick guide to help you start your kids on the right financial path for life at any age.