While retailers would like you to think that Valentine's Day is all about diamond necklaces and rings as well as chocolates and meals out, it doesn't have to be that way. Valentine's Day, at its most basic, offers us a chance to show those we love how much we care about them. Sure, saying we care with a diamond necklace is nice, but that isn't always practical. There is … [Read more...] about Fun, Frugal Valentine’s Day Ideas for the Whole Family
When I was growing up, my mom, who was the second to the youngest in a family of nine children, was fond of two sayings when it came to the topic of having children. The first saying was, “All kids really need is love.” The second saying was, “God will provide.” When you are young, your parents influence your thoughts, and what you hear and learn from them becomes your … [Read more...] about Financial Considerations When Deciding How Many Kids to Have
The very idea of buying life insurance for a child makes some people cringe. Children, by their very nature, are energetic and full of life. They are the face of the future. It is impossible to imagine them not growing to adulthood, but unfortunately, sometimes children do die before reaching adulthood. Should you buy life insurance for your child? … [Read more...] about Should You Buy Life Insurance for Your Child?
When I was young, one of my favorite things to do in November was to go through the thick Sears and JCPenney catalogs (for those of you as old as me, you remember getting catalogs sent to your house every year) and creating a wish list of all the items I wanted to get for Christmas. I gave this practice up a long time ago, but my cousin who is now 30 still types out a … [Read more...] about Is a Child’s Gift Registry a Good Idea?
It is a little known fact that children who earn an income can open a Roth IRA. Parents who have this knowledge can help their children learn about the power of compound interest and its near magical effect on retirement savings. What Are the Requirements for Opening a Roth IRA for a Child? A child can open a Roth IRA if they have verifiable income. Their income can be … [Read more...] about Opening a Roth IRA for a Child – Help Your Child Get Ahead in Retirement