Kids – Money Crashers

8 Financial Accounts to Open for Your Child to Build Lifelong Wealth

G. Brian Davis — Fri, 04 Aug 2023 12:00:00 +0000

If you want your kids to grow into wealthy, financially literate adults, you’re going to have to teach them about money. Here are some important accounts you can open on your child’s behalf to help them learn good financial habits.

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Best Bank Accounts for Kids Under 18 in 2024

Brian Martucci — Sat, 20 May 2023 21:00:00 +0000

There are many ways to teach kids about money, but the best way is to open the right bank accounts for kids and let them get a hands-on lesson on managing money. It might feel weird at first to let go of the reins, but don’t worry, parents have plenty of control to help kids

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What Age Can You Open a Bank Account?

Dawn Allcot — Fri, 12 May 2023 13:00:00 +0000

Back when most of us were younger, we didn’t discuss money. Things seemed simpler then. Today’s parents take a more active role in teaching kids about their finances. And we’re left trying to figure out the right age to let our kids open a bank account.

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17 Best Part-Time Jobs for High School Students Looking to Work

Brian Martucci — Thu, 02 Mar 2023 06:35:00 +0000

I worked steadily through high school and college. I held a steady succession of mostly menial, mostly entry-level jobs: grocery store cashier, movie theater attendant, youth sports official, food delivery driver. My motivations were largely financial. During high school, I worked to fund the purchase of my first car and earn extra money to cover

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Allowance for Kids – Types and How Much You Should Pay for Chores

Sarah Graves — Thu, 02 Feb 2023 12:00:00 +0000

There are multiple ways you can handle your kid’s allowance, and they all come with their own pros and cons. But the ultimate goal is to teach your kids money management skills, so it’s important to understand which allowance system is best for your kids based on their age and your objective.

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How to Protect Your Finances Before a Divorce

Amy Freeman — Tue, 30 Aug 2022 11:00:00 +0000

You might see a divorce coming from a mile away and still take steps to protect your finances before it happens. From opening an individual bank account to changing your beneficiaries, learn what to do now so that you’re not filled with financial regret later.

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25 Tips for Flying and Traveling With Infants & Toddlers

Brian Martucci — Mon, 04 Jul 2022 23:00:00 +0000

For parents vacationing with little ones, the thought of subjecting fellow travelers to hours of uncontrolled wailing is mortifying. These tips from a dad who’s been there can’t stop diaper blowouts or screaming fits, but they can increase the return on your vacation investment.

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Where to Donate Used Toys – 16 Charities & Places to Consider

Sarah Graves — Mon, 13 Jun 2022 11:00:00 +0000

If your home looks like a toy hoarder’s paradise, it’s time to declutter. Fortunately, there’s no shortage of places in desperate need of fun, enriching items for youngsters. Find out where to donate the used toys your kids no longer want.

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Mazoola Review – Free Money Management App for Kids & Parents

Brian Martucci — Tue, 31 May 2022 19:00:00 +0000

Mazoola is a free money management app for kids and parents. This convenient, kid-friendly mobile wallet is designed to replace a traditional bank account while teaching basic budgeting skills and setting kids up for a lifetime of financial responsibility. Learn about Mazoola and who it’s best for.

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How Much Does It Cost to Adopt a Child?

Sarah Graves — Mon, 16 May 2022 15:38:27 +0000

Adoption is rarely a financial decision, but rather a decision of the heart. Still, it’s crucial to be aware of the expenses involved so you can be financially prepared to bring home your new family member. Consider these costs if you’re planning to adopt a child.

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GoHenry vs. Greenlight – Who Has the Better Prepaid Debit Card for Kids?

Brian Martucci — Fri, 25 Mar 2022 17:00:15 +0000

GoHenry and Greenlight are two of the most popular prepaid debit cards for kids. Each has a host of features to empower your kids to control their own finances — with some supervision. Learn how these two products compare head-to-head to help you decide which is the best choice for your family.

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Best Personal Finance Books for Young Adults (Teens and Tweens)

Amy Livingston — Mon, 31 Jan 2022 14:00:08 +0000

Most schools don’t do enough to prepare young people for financial independence. Parents can address this education gap with books about important financial topics, such as managing debt, building savings, and investing for the future.

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Can You Afford a Baby? 5 Expenses Associated With Being a Parent

G. Brian Davis — Mon, 17 Jan 2022 14:00:04 +0000

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.

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How to Financially Prepare for a Child – 13 Steps to Take

G. Brian Davis — Mon, 22 Nov 2021 12:00:00 +0000

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.

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15 Creative Ways to Save & Pay for Your Kids’ College Education

G. Brian Davis — Wed, 15 Sep 2021 03:15:00 +0000

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

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13 Best Online Games & Apps to Teach Kids About Managing Money

Amy Livingston — Thu, 02 Sep 2021 12:00:23 +0000

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.

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Private School vs. Public School – Cost & Comparison

Amy Livingston — Tue, 24 Aug 2021 12:00:36 +0000

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?

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20 Ways to Teach Kids How to Save Money Responsibly at Any Age

Brian Martucci — Thu, 19 Aug 2021 12:00:13 +0000

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.

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17 Money-Saving Tips for Families on a Budget

Amy Freeman — Wed, 30 Jun 2021 12:00:16 +0000

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.

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5 Best Educational Board Games for Money Management

Sarita Harbour — Thu, 20 May 2021 12:00:23 +0000

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

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