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The importance of starting a retirement account early.
The power of compounding means that every extra year that your money is invested can have a big impact on the total that you will have...
parentsfin
May 20, 20221 min read


What is a trust and when should you get one?
A trust gives you a way to specify who should take over for you if you are incapacitated and cannot manage your affairs. If you have...
parentsfin
May 19, 20221 min read


Why should your child get their first credit card at 16?
Did you know that landlords may require a certain credit score to rent their property? And that credit scores may be used to set interest...
parentsfin
May 14, 20221 min read


What is risk tolerance?
Risk tolerance is how much of a loss you are prepared to handle within your portfolio. Your goals, investing timeline and comfort level...
parentsfin
May 12, 20221 min read


You may have noticed that the stock market be very volatile this year
You may have noticed that the stock market has dropped quite a bit in 2022! Is this an opportunity to invest for the long term? Read...
parentsfin
May 10, 20222 min read


How to incorporate finances into your child’s everyday life.
Allowance is one of the ways a parent can teach a child about money. It is really the first time your child is learning to budget. Based...
parentsfin
May 8, 20221 min read


Have you wondered how to budget now that you are partners?
Maria and Manuel always argued about how much to spend when eating out. In Chapter 3 of Financial Essentials for Couples you can read how...
parentsfin
May 4, 20221 min read


The importance of starting a retirement account early
The power of compounding means that every extra year that your money is invested can have a big impact on the total that you will have...
parentsfin
May 1, 20221 min read


Emergency Fund? Yes, you need one!
Do you know what would happen if you had a major expense or lost your job? Saving to this account is the first order of business. Anyone...
parentsfin
Apr 28, 20221 min read


Did you know that Financial Literacy Month is celebrated in April?
“Financial independence for children, teens, and adults” is a series of short books focused on a specific age group or life event. All...
parentsfin
Apr 25, 20221 min read


Make your tax refund work for you
Make your tax refund work for you! Here are some ideas of what to do with it: Pay Down Debt: If you have credit card debt, this may be a...
parentsfin
Apr 22, 20221 min read


What can you teach a 3-year-old?
For young kids, you can give them an allowance in quarters they put into a glass jar or place on a goal sheet. Perhaps you may give them...
parentsfin
Apr 20, 20221 min read


Budgeting teaches kids how to wait.
If your child wants something expensive like a Scooter or bicycle, it is a good idea to have your child save for part of the cost. You...
parentsfin
Apr 17, 20221 min read


Are your teens going to vocational school?
They need to make informed choices. Financially Independent Teens can help you! In Chapter 7, “Life after High School” your teen can...
parentsfin
Apr 13, 20221 min read


Budgets for Middle Schoolers? Yes!
Teaching your middle schoolers how to manage a budget is an invaluable life skill. Now that they are in middle school there are many...
parentsfin
Apr 9, 20221 min read


Why should your child get their first credit card at 16?
Did you know that landlords may require a certain credit score to rent their property? And that credit scores may be used to set interest...
parentsfin
Apr 6, 20221 min read


Comparing college cost are not as straightforward as reading the financial aid award.
College financial aid offers do not differentiate between grants scholarships and loans when showing what you need to pay Be careful when...
parentsfin
Apr 2, 20221 min read
How can you teach your teen to evaluate alternatives and make decisions
How can you teach your teen to evaluate alternatives and make decisions within realistic financial constraints? Here is a story from...
parentsfin
Mar 27, 20221 min read


Teach your children to begin saving at an early age!
Our books Raising Financially Independent Children and Financially Independent Teens provide tools in Chapter 3 on how to start. The Los...
parentsfin
Mar 27, 20221 min read
Learn how rachel turned her babysitting money into a new car
Rachel’s story illustrates the importance of saving and investing, but this is just one example of an action that can ease your teen’s...
parentsfin
Mar 22, 20222 min read
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