Financial Literacy for Kids

No matter how enthusiastic you are, trying to formally teach finance to kids is a tall order that is likely to make their eyes glaze over. Hold their attention by keeping money lessons relevant, age-appropriate and a bit playful. First Finances Preschoolers can grasp that money is exchanged for stuff. Teach them the names of coins,

Bank Accounts to Open for your Small Business

Bank Accounts to Open for Your Small Business One of the most important decisions you’ll make when starting a business is choosing the right bank accounts. As an entrepreneur, you’ll…

The Keys to Financial Wellness for Millennials

By Roslyn Lash Getting a job, buying a car, buying a home — all of these milestones are both exciting and at times stressful for young adults just getting started. For many people, these are wonderful goals that help push them forward. But as millennials build their careers, start families and consider their futures, it’s important to remember

7 Money-Saving Tips for Teens

Most teenagers probably won’t leap at the prospect of learning about personal finance on their own. That’s why it’s important to take the time to teach them smart money management. To get the conversation started, here are seven topics worth discussing to help your teen avoid costly financial missteps in the future. Encourage your teen

cartoon hands exchanging money for a house

Should You Pay Off Your Mortgage Before You Retire?

Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more difficult to manage on fixed incomes. But retiring a mortgage before you retire isn’t always possible. Financial planners recommend creating a Plan B to ensure you don’t wind up house

It’s Not All About Money: Financial Wisdom for Young Adults

At 21, you’re a financial adult. But chances are you still don’t know what you don’t know. We asked personal finance experts and financial planners what newly minted adults need to know about money. Their bottom line: Be sure your balance sheet includes some joy, too. How to think about money A job you love

Can You Afford to Help Your Kid Start a Business?

Amazon. Chipotle. GoPro. These household-name businesses were launched thanks to investments by the founders’ parents. But parents also have sunk plenty of money into their offsprings’ doomed enterprises, sometimes endangering their retirements and family relationships in the process. Certified financial planner Jon Ten Haagen of Huntington, New York, had a retired client who against his advice gave

Managing a Loved One’s Finances After Death

Apart from the pain of a family member or close friend’s passing, settling their financial matters can be time-consuming and difficult. You may have to comb through paperwork from bank accounts to life insurance policies. Although not exhaustive, these steps can ease the process of sorting through the deceased’s finances. 1. Know who’s responsible A will

Experian ‘Boost’ adds a New Way to Strengthen Your Credit

A credit score can be key to unlocking many firsts — an apartment, a car loan, or a mortgage. But when you’re starting out, getting a score is maddeningly elusive. Many lenders are reluctant to extend credit unless you already have experience with credit. Credit bureau Experian wants to ease that Catch-22 for credit novices