Money is one of those topics that can feel a bit tricky to discuss with your kids. How much do you share? When do you start? And how do you ensure they understand the value of a dollar without overwhelming them? Whether you’ve got a toddler just learning about the concept of “more” or a teenager eyeing that first job, talking to your kids about money is one of the most valuable lessons you can teach them.
Read MoreHere’s a tip that we often forget in the rush leading up to the end of the school year:
Plan ahead for the expenses of summer.
You’ll likely be thankful you did — preparing and planning can help you enjoy the season and focus on fun instead of finances. By creating a budget and saving early for certain seasonal expenses, you can make the most of your summer without the stress and worries of overspending.
Read MoreAs a nation, we are very generous with one of our most precious resources: money. In 2020 alone, Americans gave $471 billion to charities. And with over 1.54 million charitable organizations (in our country alone) to choose from, it’s not hard to find a worthy cause.
Many small businesses also encourage their employees to give their time and talents by volunteering locally. Small businesses often give more than their big business counterparts— 75% of small business owners give approximately 6% of their profits to charities every year.
Our lives are built upon a series of moments. Some are beautiful, while others are painful. Some are carefully planned, while others catch us off guard. Some are etched in our memories, while others fade away. However, what often ties these moments together is the inevitable financial impact they bring along.
Whether you’re currently planning for or eagerly anticipating certain moments in your life—even if their dates or timelines are uncertain or distant—it’s worthwhile to consider the financial implications.
Read MoreAs parents, we want to provide the absolute best for our children. We want to give them every opportunity to learn, grow and thrive, especially when living under our roofs.
We want to give them a curated, challenging education, a joyful childhood, encouraging friendships, engaging experiences, and a solid financial foundation for their future.
However, as much as we want to give them the world, we also need to be responsible for our own financial goals and futures that can be a delicate balancing act. How do we help them understand that our “no” today is allowing us to say “yes” to bigger, more meaningful things in the future?
Read MoreA common misconception is that if only we earned more money, we would have a comfortable lifestyle, financial security, and the ability to afford all the luxuries we could possibly imagine. We would be happy and healthy and certainly not be living paycheck to paycheck.
According to the paycheck-to-paycheck report from September 2022, approximately 45% of Americans earning over $100,000 say they live paycheck to paycheck. While approximately 47% of those making between $150,000 and $200,000 and 28% of those earning over $200,000 also report living paycheck to paycheck.
It would seem that getting ahead financially is not simply a numbers game…. “earn more money and everything will be okay.”
Read MoreWhen it comes to intimate relationships, money is often considered a topic to be avoided at all costs. We always think we should stay away from the subject for fear that it might put others off. Why bring up something that could make someone uncomfortable? Why bring up something so serious?
One of the top-cited reasons for divorce and breakups is financial differences or arguments about money.
Read MoreKids are notorious for misunderstanding money. To them money is always available and everything they see around them is fair game for mommy to buy! There is a good reason for this.
The mind of a child in the earliest years is primarily formed through the process of observation. Everything they see and hear helps them to form their understanding of the world. Take a second to think about what this means to most children…
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