As my kids have grown, I’ve tried to teach them important money concepts along the way. After all, the Council for Economic Education reported in its 2018 Survey of the States that only 16 states require any economics course work during K-12, and only seven states require students to take courses in personal finance. So, it’s up to us parents to fill the gap. Read more
Raising kids is expensive. By my estimate, it can cost close to $500K to raise a child, including college, in expensive parts of the country like the Bay Area. So, it’s helpful to know that there are certain tax advantages to having kids. A few of the more common ones are outlined below.
I wrote earlier this summer about using the classic lemonade stand to teach your kids about money. Back-to-school shopping is another great opportunity to continue the financial education.