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Off to College? Here's How Much Spending Money Your Kid Needs their First Year

January 17, 2022

If your child is heading off to college soon, you’ve probably considered costs like tuition, housing, food and books. But have you considered your college student’s need for spending money?
 
These are the one-off expenses like concert tickets, late-night pizza orders, or a university sweatshirt imprinted with the school mascot. And all those expenses can quickly add up. It’s never too early to start discussing college spending and budgeting with your teens. There are a few things to consider when financially preparing for freshman year.

How to Teach Your Kids About Money

December 6, 2021

It’s never too early to teach your children self-sufficiency and appreciation for what they have, especially when it comes to finances. But where (and when) do you even start? To help you navigate the subject, we’ve put together these 7 tips to teach your kids about money.

What Age Can a Kid Have a Bank Account?

November 1, 2021

As a parent, you’re constantly teaching your kids all kinds of life lessons. For example, financial education: Kids pay attention when it comes to how you spend and save your money. And the lessons they’re learning now will influence how they handle money as they get older.

Opening a bank account for your kids might be an ideal way to teach them about money management. But it’s important to determine the right age to open your child’s bank account. You may also want to know how to set up a kid’s bank account, and what to look for in a bank if you’re planning to open a savings account for your child. Here’s how to get started.
 

Posted in: education, financial, kids, management, money, saving

How to Save for Your Child's College Costs

August 6, 2021

Parents and guardians want the best for their children, and in today’s world, the best often means some sort of higher education. While the cost of higher education can drastically vary, based on whether the child earns scholarships, goes for a two-year or a four-year degree, studies in their home state or elsewhere, or pursues postgraduate degrees, education can be a big investment. Many parents are left wondering how to save for a child’s education. One fail-safe suggestion for saving for college is to start early. How you choose to save is up to you.

Posted in: child, college, for, invest, savings