How Much Do Parents Spend Bribing Their Kids?

Personal Finance

How Much Do Parents Spend Bribing Their Kids?

How Much Do Parents Spend Bribing Their Kids?

Taking care of kids really adds up. There’s the food, toys, clothes, healthcare, day care and education expenses (not to mention the cost of actually giving birth or adopting them), but there’s something a lot of parents do and may forget to budget for: bribing their children. Kids on their parents’ payroll are doing all… Read More

3 Ways to Make Your Kids Millionaires

Personal Finance

3 Ways to Make Your Kids Millionaires

3 Ways to Make Your Kids Millionaires

Eileen and Gerard Connolly had one income and two daughters in private colleges for seven consecutive years. When they were on the homestretch of paying for college tuition, they realized they needed to start catching up on their own retirement savings. But they also wanted to help get their daughters off to a good start…. Read More

These Kids Are Better With Money Than You Are

Personal Finance

These Kids Are Better With Money Than You Are

These Kids Are Better With Money Than You Are

Ryan Jerue has a job, a business, a bank account and has started investing. He also captains a team of students who recently took third place in a national competition where they fielded questions about personal finance, technology, health and safety, the environment as well as consumer rights and responsibilities. (He also placed third individually… Read More

Why Banks Are Giving Kids Bikes

Personal Finance

Why Banks Are Giving Kids Bikes

Why Banks Are Giving Kids Bikes

INDIANAPOLIS — On the first day of a new program at his school, a sixth-grade boy gets situated in the saddle of a stationary bicycle and says aloud to himself, smiling: “I’ve never ridden a bike before.” He slowly pushes the pedals, first with his right foot, then his left, and seconds later he’s doing… Read More

How to Kick Your Kids Off the Payroll

Students

How to Kick Your Kids Off the Payroll

How to Kick Your Kids Off the Payroll

They’re becoming adults, they’re graduating or they’ve pointed out they are now 18 and can make their own decisions. And you silently wonder when they’ll start making their own money, too. How long do you support your children financially? For many baby boomers, the answer is unclear. Many report that they are still supporting grown… Read More

When Is the Best Time to Teach Kids About Credit Cards?

Credit Cards

When Is the Best Time to Teach Kids About Credit Cards?

When Is the Best Time to Teach Kids About Credit Cards?

Children mature at different rates, but in general, the earlier you explain the concepts of money and credit to your kids, the better. Under the Credit CARD Act, companies can’t issue a credit card to anyone under 21 unless the applicant can demonstrate they have the income to pay the debt. But he or she… Read More

Is Your Kid Going to Be a Financial Disaster?

Personal Finance

Is Your Kid Going to Be a Financial Disaster?

Is Your Kid Going to Be a Financial Disaster?

Some kids excel in the arts, and others display athleticism from an early age, but there are plenty of talents that don’t come naturally to youngsters. While someone may have tendencies that make it easier for them to manage money, personal finance is a skill we all have to learn. “It’s not something that people… Read More

A New Mother’s Guide to Money

Credit Score

A New Mother’s Guide to Money

A New Mother’s Guide to Money

Dear New Mom, Congratulations on this new stage in life. It will be unlike anything you’ve ever experienced — a mix of joy and sorrow that will sometimes feel overwhelming but will always feel rewarding. And right now, there’s a good chance that you’re wondering how you’re going to keep your wits about you through… Read More

The Financial Education Our Kids Deserve

Students

The Financial Education Our Kids Deserve

The Financial Education Our Kids Deserve

Consider this tale of two college-bound students: Both on their own for the first time, both on a tight budget to last through the semester. One manages his money wisely, spending frugally and earning supplemental income through a part-time job. The other drains his bank account before midterms. Which one took a course in personal… Read More

Bieber Fever Lands in Your Child’s Wallet

Credit Cards

Bieber Fever Lands in Your Child’s Wallet

Bieber Fever Lands in Your Child’s Wallet

There is no denying the power of pop music sensation Justin Bieber. And while the Bieber brand is used to promote his music, events and merchandise, he has now begun to put his name behind a financial product: a prepaid debit card issued by BillMyParents. What could go wrong? In the past, we have seen… Read More

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