Children Archives - Your Family Finances

Helping Your Kids Learn Safe Ways To Invest Profitably

Children, Education, Investing / By Guest Author

In today’s rapidly evolving economic landscape, understanding money management and investment strategies has become essential, even for the youngest members of our families. Teaching kids about financial literacy and safe investment practices at an early age can lay a solid foundation for their future financial independence and security. This guide provides parents and guardians with practical steps to introduce children to the world of investing, ensuring they grasp the importance of financial planning, patience, and smart decision-making. Through a blend of foundational knowledge, interactive learning, and real-world application, you can help your children become savvy investors and prudent managers of their finances.

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Financial Preparation for a New Baby

Children, Money Management / By Guest Author

If you’re expecting your first baby, you’re embarking on the adventure of a lifetime. The birth itself is a life-changing event. You are no longer just responsible for yourself, but now you have a bundle of joy to care for as well. Regarding finances, pregnancy, and childbirth can be fraught with anxiety. From unexpected medical expenses and insurance snafus to normalizing credit card debt… there are plenty of ways things can go awry in your financial life as a new parent. Luckily, we’ve put together some helpful tips to keep your finances in check before your baby arrives.

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Why You Should Open a Checking Account for Your Child

Children / By Tim McMahon

As a parent, you want to do everything you can to help your child succeed in life. One way you can do that is by teaching them the importance of financial responsibility at an early age. Opening a checking account for your child is a great way to start them on the path to financial success. Here are four reasons why you should open a checking account for your child:

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Keys to Your Child’s Successful Financial Future

Children, Money Management / By Tim McMahon

The keys to a successful future are learned early. Whether you have always made sound financial choices yourself, or if you have struggled with your finances at some point in the past, you probably want to help your child be financially stable as they grow older. Here are five keys that you can use to help your child prepare for a financially stable future.

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How To Teach Your Teen Financial Literacy

Children / By Tim McMahon

Financial literacy is one of the most important things you can teach your children. The earlier you can get kids to understand the importance of saving money, the better. Teaching your children money management skills early will help them prepare for emergencies and ensure they can afford life’s necessities when the time comes. Here is how you can teach your teens to handle money wisely.

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How to Teach Your Teen to Budget Like a Pro

Budgeting, Children / By Tim McMahon

As a parent, it’s your job to prepare your kids for life. And money management is just one of many essential life skills. Thus, the sooner you teach your teen to budget, the better. If you’re not sure how to do this, continue reading as we’ve prepared some advice for you. Trust us – it’s

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Start Your Kids Right with a Credit Union Account

Children / By Tim McMahon

It’s never too early to start teaching your child good financial habits. It’s important that they understand how to handle money responsibly, such as learning how to budget and what savings are. You can help your child establish good financial habits by setting up a credit union account for them. The following is a list of benefits that your child can reap from having a credit union account.

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7 Essential Money Lessons to Teach Your Kids

Children / By Tim McMahon

Since our schools don’t teach our kids about money, it falls upon parents’ shoulders to ensure their children are financially literate. That is why it is so important to teach these essential money lessons to your kids. Contrary to what some parents might think, it’s never too early to begin money lessons for kids. The

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Money-Saving Tips for New or Expecting Parents

Children / By Guest Author

Welcoming a baby is truly bliss. But, along with the ultimate happiness and the overall excitement this new life brings, there come many expenses. That is why smart budgeting is essential, and if you start taking care of your finances on time, you will be able to relax and enjoy life with your growing family. Here are some money-saving tips for new or expecting parents.

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Teach Your Kids About Money Management

Children / By Tim McMahon

Learning to manage money is an essential life skill that impacts every stage of a child’s development. Children can begin to understand the role of finances in family life from a young age. Age-appropriate lessons can help them become financially literate and prepared to handle income and spending as they become young adults. Here are some ways to train your kids how to manage money.

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Expenses to Prepare for Before Having Children

Children / By Guest Author

Whether you’re just starting to think about having children or your new bundle of joy is only a few weeks from arriving, having children completely changes nearly every aspect of your life. One area of your life that requires change is your home. To make your home a welcoming and safe environment for your child, it is crucial that you take some time to make some preparations. To zero in on the types of preparations you need to make, here are four household expenses that young couples should invest in to prepare for children.

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Affordable Buying Options for Your Teen’s First Car

Children / By Tim McMahon

A teen’s first car is a special vehicle. Unfortunately for parents, getting that special vehicle can be an expensive proposition. If you’re looking to get your teen his or her first car, you might want to consider one of the affordable options below.

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