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?
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
Most parents understand the need to prepare for their children’s college educations by budgeting money while the kids grow. But there are other expenses—not on the magnitude of college—that are also worthy of budgets all there own. If you have children who are at least in middle school, you already have an idea of at least some of them. But if your kids are only a few … [Read more...] about 5 Kids Expenses to Budget For – Apart from College
If you or a loved one has a food allergy or intolerance, you may be frustrated by your escalating grocery bill. In my own family, both my daughter and I have a dairy intolerance, and I just recently I found out I also have a soy intolerance. When we first discovered our dairy intolerance nine months ago, we struggled with trying to keep our grocery bill low. Now that it … [Read more...] about How to Save on Groceries When You Have a Food Intolerance