Tools for parents to educate their kids about finances.
NEW! Goal-Based Savings Accounts Now Available at CNB
Posted on 2/8/2021 12:27:06 PM
Everyone knows it's important to set money aside to save, but did you ever consider all the different things you're probably saving for? According to bankrate.com, savings accounts are one of the best ways for people to set aside their extra cash. And, according to Greg McBride, Bankrate chief financial analyst, "Having multiple accounts can be a way to keep yourself on task with the specific goals you're saving for, without the risk of funds getting commingled."
Finding a way to pay for college during these tough times isn't easy. Every family's situation is unique. If you want to help your child pay for school, there are a few strategies to consider when facing tough times. A few examples include applying for more scholarships, grants, and federal aid, looking for ways to reduce your current debts, taking on a side-hustle, and more.
Teaching your children to be financially responsible is one of life's critical lessons. As your children mature, you will have many opportunities to teach them about good financial management, from kindergarten to adulthood.
If you have a student heading to college in the fall, by now you've probably received your financial aid package from the school of their choice and may be realizing there's a difference between what's been awarded and what your child has available in regards to federal loans, scholarships, and grants.
Keeping Your Kids Busy This Summer - And You Sane!
Posted on 5/28/2020 9:40:23 AM
Many of the activities you normally would have had your kids involved in this summer may be canceled or being handled virtually. This means a lot more time at home for the kiddos and a lot less time for you to get things done during the day.
Balancing Act: Saving for Both Retirement and College
Posted on 2/8/2019 1:53:30 PM
Linda and Peter are worried about their financial future. "We want our one-year-old son, Raymond, to go to college, but we're concerned that in 17 years, the cost might be more than we can afford," says Peter. "We also need to save for our retirement," adds Linda. "Can we reach both of these goals?"
The cost of baby gear, clothes and diapers add up quickly. Being able to buy second-hand is a great way to save money. Did you know there's also opportunity to make money by reselling? Check out the 8 hottest items you can potentially make money on by reselling.
Having a summer job for a teen is often the first step into adulthood. While it might not be the most glamorous job, that first summer job opens the door to understanding responsibility, the importance of being on time, realizing others rely on you and seeing the value in earning your own money.
Family Game Night Can Be a Fun Way to Teach Kids About Money
Posted on 7/25/2018 11:34:02 AM
Later bedtimes and long summer nights give you more time to spend with your kids. A fun family game night is a great way to incorporate teaching kids about money in a way that they'll enjoy. Here's a list of WiseBread's top 6 picks for games that teach financial skills and might get them interested in investing, saving and spending wisely.
What Should You Do When Your Kids Get Cash Gifts for Christmas?
Posted on 12/6/2017 2:45:49 PM
If your kids are lucky enough to receive monetary gifts from relatives for Christmas, what do you do with them? Do you let the kids choose how to spend the money? Or put it straight into college savings?
Whether your child just has extra birthday money you'd like to save or they're heading to college in the fall, it's a smart move to open an account specifically for them that they can begin to learn money management skills.
As a parent, one of the scariest things to consider is how you're going to pay for college for your children. According to the College Board Annual Survey in 2016, the average annual cost for a four-year public college was $20,090. The average annual cost for a four-year private college was $45,370. This cost includes tuition and fees, as well as room and board. You know in most cases, you won't be able to foot the bill for 100% of the cost, so how do you go about getting financial aid for your child?
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