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How We’re Using Upromise to Save for College

Family Balance Sheet

I don’t recall why I never used the account, but I guess it just slipped my mind. Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education.

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Financial Lessons for Kids that Actually Worked

Prairie Eco-Thrifter

With so many things that we parents have to teach our children, from using the potty to being a good and decent citizen, it’s no wonder that financial lessons sometimes get pushed aside in favor of more immediate needs in raising our kids. No, we won’t put that on the credit card and pay for it later.

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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

Also see: The Best Personal Financial Books for Young Families Get a Financial Advisor A financial advisor will help you do three things: Get a hold of your expenditures Structure your savings Maximize your investments These are all steps that, if practiced consistently, will help you grow your personal wealth in the long run.

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How to Save Money Fast – My Top 20 Tips

Penny Pinchin' Mom

We know that saving for a rainy day isn’t just a phrase our grandparents used to throw around. 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.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

My grown kids are also savers and I have high hopes that the grandchildren will follow their example. Helping the parents teach my grandchildren to save is an ongoing project of mine. Trepidation about having the grand-kids open a savings account. Both are now old enough to open a bank savings account.

Money 124
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How to Save Up for a Car Without Breaking the Bank

Penny Pinchin' Mom

For example, if you want to buy a car worth $20,000, you could decide to save $1,000 a month for 20 months or $5,000 a month for four months. Use Cash Every time you use your credit card, you are paying interest on that purchase. Ultimately, it is the money you could have saved to buy your dream car.

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How To Teach Your Kids to Save Money

Couponing 101

It is time to change and that change is going to happen with our kids! Did you know that: * Nellie Mae reports that the average amount of credit card debt held by college graduates is $2,700. * Thinking of having over $21,000 in debt after graduation is enough to make too many kids reconsider college!