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7 Things You Should Teach Your Kids About Money

Prairie Eco-Thrifter

Giving Gifts. For example, if your kid wants a new bike, tell them to save toward a goal and that you’ll match them if they reach it. If you’re modeling unhealthy and unbalanced financial habits, you can realistically expect your kids will follow the example you’ve given them. Learning What They Live. De-Programming Your Kids.

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How We’re Using Upromise to Save for College

Family Balance Sheet

Since March of 2020, over $1300 has been transferred into my daughters’ 529 College Savings Accounts. In the grand scheme of college tuition, $1300 barely makes a dent, however, that was just the first 18 months, and we have another 9 years before my youngest graduates from college. 108 Months X $72 = $7,776!

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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs.

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Why Life Insurance Should Be Part of Every Entrepreneur’s Business Plan – Life Happens

Savings Corner

It can replace your lost income, ensuring that your family can continue to pay for bills, the mortgage, groceries, college tuition and more. Take Mike Jaap , for example, who used the cash value in his policy to keep his small business afloat during the economic crisis in 2008.

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How to Save Money Fast – My Top 20 Tips

Penny Pinchin' Mom

Whether you are looking to save extra money for your emergency fund and potential unexpected expense, a new kitchen, or your kids’ college tuition—you name it—you will require self-discipline and a plan to reach any financial goal. Go Generic This is a trick our mothers used to save money and still give us what we needed at home.

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Pros And Cons Of A Home Equity Line Of Credit (HELOC)

Savings Corner

HELOCs can be a good option if you have substantial equity in your home and you know you’ll need access to cash with some regularity over a period of time — college tuition bills over the course of several years, for example.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

Include anything that you’d like to add to give the reader an idea about your personality. For example, it took us about 3 years to pay off a combined $17,000 in credit card debt, but later we managed to pay off twice as much in 3 years on about the same income. For example, no cable TV.) She blogs at The Debt Myth.

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