Search Results for: account balance
Prom Season is Breaking My Bank Account!
Our house has been crazy (well crazier than it normally is with six children running around) as my two oldest daughters have been busy preparing for their junior/senior proms. For months they have laid awake at night talking about what they would wear and shared their visions of the Cinderella moment that would soon be here.
How to Balance Children and Technology
In the modern age of texts, tweets, and status updates, it is of utmost importance that parents maintain open lines of face-to-face, soul-to-soul communication with their children. This does not mean resisting a highly technological world that is not going away, but rather continually exploring new ways to connect with one another both on and beyond the keyboard.
10 Ways to Create a Personal Balance Sheet
You can create a personal balance sheet to gain perspective on your financial well-being. In its simplest form, a personal balance sheet details your net worth–basically the amount of cash and property you have, minus your debts and other liabilities. With a little tweaking, your balance sheet can serve as a financial planning tool. Use it to monitor your investments, flag dangerous debt levels and prepare for major expenditures (a home purchase or kids’ college fund) and retirement. Need help getting started? Consider 10 basic ways to create a personal balance sheet that meets your needs.
How to Teach Kids About Checking Accounts
Money education is an important and sometimes overlooked lesson that parents forget to share with their kids. It is important for kids to learn how to budget the money they have available to them and how to balance a checkbook. When kids see mom and dad pull out credit or debit cards, they may not realize that there is more to managing money and a checking account than just swiping a card. Any money management lesson also gives you a chance to spend time with your kids, and to gauge their basic math skills.
Starting a Children’s Saving Account
Opening a savings account is a wonderful way to teach your child about money and setting goals. By starting an account at an early age, a child learns how numbers relate to dollars and cents and can begin to understand the value of a dollar. By making savings accounts part of your children’s lives when they are young you will be helping them learn one of life’s most basic skills: how to manage their money.