It is our responsibility as parents to teach our kids the life skills they’ll need to thrive as adults. Some of the most important skills we can teach them relate to making smart money decisions. One topic that often provokes strong opinions relates to allowance: how much to give, whether to tie it to chores and what it should cover. Read more
Most people know they should be saving for retirement. It never ceases to amaze me how little time and effort people put into thinking about something that has such a large impact on their quality of life.
A friend of mine recently asked me about what type of account to put her kids’ savings into. I thought others might be interested in the topic, too. There are a variety of different types of accounts available with different levels of parental control and implications on college financial aid