As a parent, there are many lessons that you’re responsible for teaching your children. From tying their shoes to riding a bike without training wheels, your job as a parent never ends. Then, on top of those responsibilities, you also have to teach them about the one thing most parents don’t feel confident about — managing money.
It's never too early to teach your children about money. In fact, the earlier the better. Here are four money lessons you can start teaching your child today.
All parents want their kids to grow up healthy. Usually, this discussion focuses on getting them to eat more vegetables and spend less time in front of screens. Too few think about their kids’ well-being in terms of their financial health.
When you're ready to make an investment, sometimes it's hard to figure out where to start. Use the infographic below to find out what's the best investment option for you.
Deciding whether you should prioritize saving money over paying off debt isn’t an easy decision to make. In fact, it’s one of the top financial dilemmas many Americans face when planning their financial futures. So … what’s the best option? It really depends on your situation. Here’s how to determine the best option for you.
In case you haven’t heard, compound interest is the best.
You may remember it as an equation you had to memorize for math class, but it’s so much more than that. It’s the concept that powers all sorts of savings and investment products and, over time, allows you to turn your money into, well, more money!
Certificates of Deposit, better known as CDs, are low-risk investment options that allow you to grow your money over a period-of-time. CDs are a great option for people who are committed to saving a set amount of money, since you cannot add money to your investment. Check out the benefits of opening a CD.
You received your tax refund or work bonus… now what? With that large sum of cash, many Americans pay-off debt and make major purchases, but there’s another good option for your cash—investments! We’re not talking about risky stock market investments, but a low-risk option like a Certificate of Deposit.
According to the IRS, the average tax refund is $3,000. Yes – 3,000 big ones! What’s the first thing that you’ll do with your windfall of cash? Save it, of course! While you may be tempted to blow your money on things like electronics or a new wardrobe, we encourage you to resist the temptation to spend. Use your refund in one of these three ways and you’ll thank yourself.