My parents did the best they could to teach me about money, but I still ended up with some debt. I have a 4-year-old son now, and I want to give him the tools he needs to be a good steward of his money in the future. I’m teaching him […]
Paying kids for chores could be teaching them entitlement, according to a sociologist quoted in a recent article published on The Atlantic. Families around the world, or even American families outside the upper middle class, don’t give money to kids in exchange for completing expected duties. Tying money to chores […]
Raising kids in America today will cost parents an average of $US230,000, according to Merrill Lynch’s “The Financial Journey of Modern Parenting: Joy, Complexity, and Sacrifice” report. These costs begin with childcare and only increase as children age – and it doesn’t include the six-figure cost of a college education. […]
The average American family will spend $US233,610 to raise a child through age 17, according to data from the US Department of Agriculture. But that figure can fluctuate – becoming more or less affordable – when you consider cost of living and wages in different parts of the US. The […]
The money you contribute to Roth IRA grows tax free. That makes it a great option for young people whose earnings are taxed very little now. If you start saving in a Roth IRA at age 15 rather than 25, you can double your savings by retirement with no extra […]
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