Children

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investorHaving a new baby can get you to rethink your priorities. Putting your child's needs first can include investing and can help you as much as your child to become a smart investor.

Getting your baby started as an investor can set them up for a lifetime of financial success.

Here are four ways to help your baby grow up to be a smart and wealthy investor:

Start a college savings fund

College can be an investment in a child’s future. Starting to save for child as soon as a child is born can be one of the best investments a parent will make to help their child.

Don’t wait a month or so after your child is born. Because if you delay it now, you know what will happen next — you’ll continue finding excuses not to do it and eventually your kid will be asking you how they’ll afford to go to college and you won’t have an answer.

A 529 plan is one way to save for college. Legally known as “qualified tuition plans,” they’re available in all 50 states as a pre-tax way to invest money. The other type of 529 plan allows tuition to be paid ahead of time at some colleges. ...continue reading

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savingsAs most teachers will probably tell you: Give kids the tools they need to learn, and they'll use them well.

The same holds true with giving them access to savings accounts, direct deposit and goal setting, according to a new study by America Saves on such things on low-income youth workers.

It found that low-income urban youth will save consistently when giving access to savings tools.

The survey respondents were 16-20 years old, participated in a summer employment program, and had low or moderate family incomes, according to the group America Saves for Young Workers.

Here are some of the highlights of the report: ...continue reading

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back to schoolSummer festivities are still in full swing, but back to school time is right around the corner.

When you go shopping this time of year, you'll likely notice a change in the atmosphere. Instead of bathing suits and red, white, and blue picnic plates, there are lists, glue, and paper. The stores are stocking up on all of the new pencils, notebook paper, planners, and backpacks. The smell of new pens waiting to be opened, pencils ready to be sharpened, and the feeling of a perfect folder, all shimmery in the plastic – it’s intoxicating.

Childless adults might lament on the passing of time and remember childhood, but luckily, you don’t have to have children to take advantage of all of the back to school sales and specials. Even if you don't have children, here are some ways you can take advantage of back to school sales.

Office Supplies

Now is the time to stock up on the basic must haves for your home office! Just because you don’t have children of your own, doesn’t mean you don’t need a fun folder or binder to spice up your office. Also, by taking advantage of these sales you can purchase school supplies and donate them to a local shelter or school program that gives away backpacks full of supplies to those children in need who can’t afford to get their back-to-school basics. This will make your donation dollars stretch further.

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