Teaching your kids how to be financially independent will help smooth the transition into adulthood. It will also give them what they need to stay financially stable throughout life. Here are some tips for raising kids to be financially independent adults. Start with basic budgeting Introduce your children to the concept of earning money and spending mindfully when they’re young, …
College is a time for kids to take responsibility for their finances. Many college first-year students have had minimal experience dealing with money. Typically they come from living in a parent-controlled world where they have rules, and they know their limits. College offers a sense of freedom that could cause financial problems if not handled correctly. Credit cards and shopping …
Usher in the new year with plans for financial improvement and resolutions to do more! Here are some tips to get you started: Tune your budget It’s great to start the new year with a plan. A budget is a plan that starts with the income you expect and your fixed expenses such as your mortgage, insurance, and utilities. The …
