Kids
12 articles
Kids are expensive, but how much you actually spend to have and raise a child depends on numerous factors. Learn about the most important factors and how to prevent them from breaking your household budget.
It costs a lot to raise a kid. If the hundreds of thousands you’ll spend over your child’s lifetime makes starting a family seem financially impossible, that doesn’t mean you have to opt out of parenthood. These money moves can prepare you for the financial responsibilities ahead.
To say that college costs have skyrocketed is an understatement. After adjusting for inflation, CNBC notes that average tuition for private colleges rose from $15,160 in 1988 to $34,740 in 2018. Both of those figures are in today’s dollars, marking a 129% increase. For public universities, average tuition rose from $3,190 to $9,970 over the
To get along in today’s world, kids need to learn about things like electronic banking, compound interest, and the importance of staying debt-free. Fortunately, the Internet has a wealth of educational websites, games, and banking apps to help kids of all ages master the basics of personal finance.
For parents who want the best possible education for their children, the choice between private school and public school is a tricky one. Both have their costs, but which is actually higher? And when you compare the benefits of private and public schools, are they enough to justify the costs?
As a parent, you have wide latitude to teach your kids the value of money and instill sensible money habits. If your kid isn’t among the many already socking cash away for a rainy day, you can take these commonsense, age-appropriate steps to raise their savings game.
If you want to save more money, it can help to take a wide-angle look at your family finances and examine your spending habits up close. Adopting more frugal practices and finding ways to cut back on your most significant expenses means extra money in your pocket. These tips can help.
Boring educational material on money, credit, and investments can actually discourage people of all ages from learning valuable information that can help them make wise financial decisions. Fortunately, money management lessons masquerading as games can make learning about finance easy and even fun. Some of today’s best money management board games have been popular for
There are several ways to save for education. People often think of 529 plans when it comes to saving for college, but you can also use UTMA and UGMA accounts. Each account has different benefits and drawbacks. Before choosing, learn more about how these accounts work and what features they offer.
Most of us know having kids comes with extra costs, such as clothing, food, and possibly college tuition. But kids require more than just food and clothes. There are hidden costs of raising a child many parents-to-be overlook. Here are some common expenses you should be sure to take into account.
The Children’s Health Insurance Program, or CHIP, provides low-cost health coverage to kids whose families can’t easily afford health care but aren’t poor enough to qualify for Medicaid, providing coverage for 9.6 million American children. Learn about CHIP coverage, how it works, and how to apply.
For many frazzled parents, just the thought of getting kids to organize their stuff is laughable. But it can teach children valuable money lessons, which are crucial to learn when they’re young. Find out how organization teaches kids about finance — and how on earth you can get them on board.