Give Your College-Bound Student a Crash Course in Personal Finance
Does your young-adult student need a crash course in personal finance? A financial literacy survey by the National Foundation for Credit Counseling (NFCC) reveals that most adults learned about personal finance from their parents. Parents: Compliments of the NFCC,...
Give the Power of a Roth IRA
The U.S. savings rate—as a percentage of disposable personal income— fluctuated greatly over the last 5 years. In 2015, it hovered around 7%. But in April 2020 when the COVID-19 pandemic roared to life and the economy began to suffer, savings jumped to 33.7%. In...
Be a Wise Newbie Borrower
When you’re in middle school, your earning potential is pretty low. You’re too young for a part-time job but too old for a lemonade stand. So, saving money for big-ticket purchases is going to take some time. This is why you should consider borrowing. Ask your parents...
Baby Steps: Cutting Newborn Expenses
If you had a child in 2023, you could expect to spend about $331,933 if you add projected inflation–from birth until age 18, according to USDA data and inflations statistics from the Bureau of Labor Statistics. According to the USDA study, the average amount a...
Saving for Something Special
Learning how to save money is important, whether you have a lot or a little. These tips will help you get started. Start at the finish line To begin, start at the end. Yes, that sounds weird, but you need to know what you’re aiming for before you get started. Are you...
