Helping kids appreciate money
According to a 2015 survey from T. Rowe Price, a more appropriate term for millennials might actually be “the Money-Conscious Generation.” Apparently, the 18- to 34-year-old set is better about tracking their spending and sticking to a budget than Baby Boomers. Here are 10 great financial blogs to help millennials increase their financial literacy, reduce their debt, and prepare for retirement.
Read MoreThe over-commercialism of Christmas can leave parents exacerbated as they strive to keep the meaning of Christmas at the forefront for their families. I experienced that frustration when my three children were younger and came across a great gift-giving alternative in a magazine article. It was a wonderful concept for saving money in my Christmas giving while also teaching my children the importance of the meaning of the season—the birth of Jesus.
Read MoreDid you know that no one actually invented the “piggy bank”? Learn about it's origin here.
There’s been lots of talk in the news about the current government shutdown, and at this time, there’s no clear indication of when the situation will be resolved. But how is the shutdown affecting the American family? Here's a list of some of the ramifications of the government shutdown and how they might affect you.
According to a study conducted by the Journal of Consumer Research, “People who set themselves ambitious goals tend to be more satisfied than those with lower expectations.” People set goals with two factors in mind: expectancy and value. ‘Expectancy’ refers to how likely you believe you are to succeed, and ‘value’ refers to how good it will be for you if you do reach the goal.
Picture yourself poolside, sipping a bellini with cucumbers resting on your eyes. For most moms, this is a fantasy long gone. Summer is for frantically figuring out what to do with your little ones and still being semi-productive yourself. It doesn’t have to be this way. With a little creativity and inspiration, you can maximize your “me time” and your kid’s fun time.
Read MoreAccording to a recent survey done by the Employee Benefit Research Institute, Americans’ expectations for retirement remain low. 28% of workers have no confidence they'll be able to afford a comfortable retirement. That's the highest level in the survey's 23-year history and only 57% of those surveyed reported having less than $25,000 in savings and investments (not counting the value of their homes and any defined benefit pension plans.) How do you stack up?
Read More20 percent of college students are facing financial hardships because of debt. To prevent your child from becoming part of this statistic, sit down and discuss money management before sending them off to college. By taking an active role early, you have the best chance of preventing your child from becoming the one in five who is struggling to control their financial situation.
Read MoreSpring has sprung and summer is just around the corner. Has your family been thinking about or begun planning a summer vacation? Are you seeking some fun, educational, and budget-friendly ideas? It’s not the cost of a vacation that makes it fun for parents and children; it’s the time spent together as a family. Take a look at some of these ideas for family vacations on a limited budget.
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In today’s tight economy consumers are finding it crucial to be spend-savvy and creative in their holiday shopping. Following are some tried and true cost-cutting holiday shopping tips, as well as some new and innovative ways to save money this holiday season.
Read MoreHave you set-aside ample time to regularly sit down and have “money meetings” with your children to discuss their money habits? If not, why not start now? And in addition to a successful school year, your children will also learn life long positive money habits.
Read MoreEarning money is vital to a sound financial future, and with our minds turned towards the celebration of Labor Day, what better time than now to help kids get in touch with their inner entrepreneur as early as possible.
Read MoreParents are set to spend $688 in 2012 to get each of their children ready for the upcoming school year. That’s for clothing, supplies and electronics. Seems like a lot? That's nothing, online shoppers are set to spend $874, a 27% increase above the overall shopper average. Here are 5 really simple ways your kids can help you cut down on back to school costs.
Read MoreFamilyMint is organized and focused first and foremost on SMART goals. You can use this setup to track very simple loans as well.
Read MoreMost experts suggest that kids need a more interactive experience to learn things, obviously leveraging their desire to play video games. Your child needs quality time with a parent, and what better way is there than to use FamilyMint to learn about managing money and go through good books together and highlight what is important and what is not.
Read MoreMy 9 and 12 year olds were laughing so hard in the back of the car they had tears in their eyes. The kind of laugh that just makes you laugh along with them even though you have no clue what's so funny...
Read MoreThrough the act of giving, children start to build an understanding of needs outside of their own. They begin to learn about sacrifice and thinking of others before themselves.
Read MoreWhat do kids want to know about money? Who do kids turn to first with their money questions? Do kids think parents are setting good money examples? What’s the most common financial regret for parents? These questions and many juicy others are tackled by the 2012 Annual Parent, Kids & Money Survey by T. Rowe Price.
Read MoreIf you can explain and illustrate the power of compound interest to your kids, you are endowing them with the real vision of why saving money is cool; that when they put money away and leave it to its own mischief, it grows!
Read MoreIt's an uncomfortable thing to talk about. You're not sure how to bring it up, and your kids aren't jumping up and down to talk with you about it either.
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