Opening a bank account for your kids and becoming a joint account holder is a great way to teach kids basic money management skills like budgeting, saving, and setting long-term financial goals. We round up the best checking and savings accounts for kids under age 18.
Student loan debt is growing six times faster than the U.S. economy. Fortunately, the government offers a tax-advantaged account called a Coverdell education savings account to help you save and invest money for higher education. Is it the right choice for your family?
The percentage of public schools that require uniforms is on the rise. They provide many benefits for kids and schools, but uniforms have one big downside for parents: the cost. If your kids wear a uniform to school, these tips can save you lots of money from now until they graduate.
Back-to-school time has become its own shopping season, second only to Christmas. If you’re stressed out about this upcoming drain on your bank account, take a deep breath. There are plenty of ways to avoid spending $1,000 per child this back-to-school season.
Raising a child isn’t cheap. Fortunately, there are several tax deductions and credits available to parents with dependents. And the child tax credit has an important update parents should know about in 2021 — advance child tax credits that give you the money you need now instead of at tax time.
If you want to save more money, it can help to take a wide-angle look at your family finances and examine your spending habits up close. Adopting more frugal practices and finding ways to cut back on your most significant expenses means extra money in your pocket. These tips can help.
Kids are built for playing. And parents can use that to their advantage to teach children about financial independence and money concepts like saving, budgeting, investing, and using bank accounts. These structured and unstructured play ideas can help.
If you want your kids to grow into wealthy, financially literate adults, you’re going to have to teach them about money. Here are some important accounts you can open on your child’s behalf to help them learn good financial habits.
Boring educational material on money, credit, and investments can actually discourage people of all ages from learning valuable information that can help them make...
Adopting a child can be expensive. Fortunately, there are federal and state assistance programs that minimize financial obstacles to adoption. If you’re considering adopting, here are the tax credits you might be eligible to claim.
In the U.S., both parents are legally expected to provide financial support for a child, even if they live in separate households. What happens if child support payments aren’t paid, and how can you avoid owing back child support? Learn more here.
The law expects all parents to provide financial support to their children. When parents don’t live together, a child support order can ensure a noncustodial parent provides support. Find out more about your legal rights and responsibilities when it comes to child support.