To Scrooge or not to Scrooge? That is the question. The holidays are a season of giving, which also means it’s the season of spending. Buying the perfect gift for everyone can force you to spend more than you can afford, stripping the joy from giving. Santa may do it, but you don’t have to.
How to Teach Your Teen Financial Responsibility
As your teen gets closer and closer to leaving the nest, it is important that he have a firm grasp on finances. However, teaching your teen financial responsibility is much easier said than done! According to Piper Jaffray’s Fall 2017 “Taking Stock with Teens” report, teens spend the most money on food, followed closely by
Teach Your Kiddos How To Start Saving for Retirement
Most of us know the younger we are when we start saving for our retirement, the more money we will have when it’s actually time to retire. But, what some of us may not consider is encouraging our children to begin saving for retirement. According to the AARP, In the past, advisers have recommended having
Help Your Kids Make Sense of Money
Yesterday, I was in the bank drive-thru depositing some checks, when my almost-6-year-old piped up from the back seat, “Momma, why do you have to put your papers in that tube thing?” I explained that the “papers” were actually money that Mommy and Daddy got from working. We had to put them in the bank
Discovering Your Financial Personality
The crisp feel of a newfound dollar, the smooth and rounded edges of a new debit card, the smell of ink on a freshly signed check. No matter the form, money elicits a strong sense of freedom. The freedom to spend, save or invest in any way you see fit. There are several ways in
Helping Your Kids Make Sense of Dollars and Cents
You want your children to be safe and happy and possess the skills needed to navigate successfully through life. According to Sam X. Renick, an award-winning author and co-creator of Sammy Rabbit, a children’s financial literacy initiative, one of the best foundations you can lay for your kids to do well in life is teaching good money
Understanding Inflation and What It Means for You
Back in 1985, gas cost about $1.21 on average per gallon, a car would run about $8000 and you could procure a movie ticket for about $3.55, according to AARP. Now over 30 years later, we know that those costs have dramatically increased. The cause of this is inflation, a steady increase in prices and
Teen Cha-Ching: Help Your Child Learn About Investing!
Money talks and teens are listening! The stock market, investing, trading, shares — these are all terms floating around the minds of today’s teens. While these things all might seem a little confusing to even the most educated parents, there are many apps and other resources for teens and parents to use to learn all about investing! First things first,