To get along in today’s world, kids need to learn about things like electronic banking, compound interest, and the importance of staying debt-free. Fortunately, the Internet has a wealth of educational websites, games, and banking apps to help kids of all ages master the basics of personal finance.
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.
Although an allowance can start teaching kids about money and finance, they can learn even more from earning money in a small business. Younger kids, of course, need opportunities that are safe for them and fit their skill levels. Here are several great small-business ideas that are fit for kids.
For parents who want the best possible education for their children, the choice between private school and public school is a tricky one. Both have their costs, but which is actually higher? And when you compare the benefits of private and public schools, are they enough to justify the costs?
Most teens look for their first job at the local burger joint, in the mall, or with some other local business. But getting an entry-level job is not the only model. Another, arguably better, choice is to encourage your teen to start their own business. Consider these small-business ideas for teens.
As a parent, you have wide latitude to teach your kids the value of money and instill sensible money habits. If your kid isn't among the many already socking cash away for a rainy day, you can take these commonsense, age-appropriate steps to raise their savings game.
As any parent will tell you, young children grow like weeds. They’re continually outgrowing their clothes, making new clothes a significant expense for parents. But if you adopt these smart shopping and care strategies, you’ll save money — and your sanity.
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.
After a summer of adventure, the time has come for kids to get ready to head back to school — and that means spending a couple hundred dollars or more on back-to-school clothes. But it doesn’t have to. With these strategies, you can survive the back-to-school season without breaking the bank.
For parents vacationing with little ones, the thought of subjecting fellow travelers to hours of uncontrolled wailing is mortifying. These tips from a dad who’s been there can’t stop diaper blowouts or screaming fits, but they can increase the return on your vacation investment.
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.