Guides to help you make informed financial decisions for your kids
Guides to help you raise money-smart kids
From the Blog
We publish a new article every Tuesday
Smarter, not harder. That’s the goal, right? In investing, smarter can mean a lot of things, but one of the easiest ways to invest smarter is to invest younger. These are eight reasons it’s so important for your kid to start investing as early as possible. There are many more reasons I’m sure, but I feel like eight is enough.
One teacher can make an everlasting impact on a child’s life. Think back to your days in school. I’ll bet you had a good teacher—hopefully several—you still remember to this day. A child spends more time in class than at home, on a typical school day… if we don’t count sleeping (at home, not in class). The time our child spends in school—the most developmental years—is valuable.
People are starting to realize that tools like 529 plans exist to help with college savings. It’s time to get into an in-depth explanation (i.e. everything you want to know, and things you probably didn’t care to know) about these college plans that are growing in popularity.
Consumerism affects our children daily. Parents expect to spend close to $1,000 on Christmas gifts for their children each year, and somehow the average shopper manages to rack up even more than that in holiday debt. We’re teaching our children that they deserve a big Christmas, and that presents come before financial responsibility, while neither are actually true.
How many things do you own? You probably have no idea, unless you’re weird or a minimalist who can actually count them. If getting rid of 5,000 things peaks your interest, you might just be a minimalist in the making. But before we dive into what it means to be a minimalist, let’s talk about what minimalism isn’t.
What do your mornings look like? Do they look more like peaceful time together with your spouse and kids, or more like… chaos? Peaceful mornings are possible, but it takes a little preplanning. Let’s talk about the ideal rituals and routines you can implement with your family. Mornings should be something to look forward to.
If your child wants to get into a good college, intentional test prep is essential. Your kid’s ACT or SAT score will determine which colleges and scholarships are available. It’s best to start preparing for these tests as soon as possible. Let’s talk about the different tests—ACT, ASVAB, PSAT, SAT—and look at the abundance of resources available to help your child study.
My daughter had a heart-to-heart with me about getting a phone. She feels like she’s missing out on a lot by not having a phone. Namely, her friends’ group chat. The conversation with my daughter was interesting, but it gets even better in our household.
Kids have the largest influence in what and where your family eats, entertainment choices, family vacations, and many other aspects of your life, according to a study on homes in Canada. Advertisers not only know this, they exploit it. I’ve got some alarming facts and stats that I’ve provided in this concise little guide that only takes a few minutes to read. The goal is to spread awareness.
It costs an average of $233,610 to raise a child from birth to age 17, according to a USDA study. What all does that cost include? Is there a way to do it for less without sacrificing the important stuff? Let’s look through the different types of expenses, how to reduce the costs, and how to live differently.