1. Incentives for Making Children Want to Save Money

    Mother and son put money into piggy bankChildren aren’t money-savers by nature. If they receive some money as a gift or for completing their chores, they likely may want to spend it on the first thing they can think of if they have not yet learned how much fun it can be to save money.

    Early on, it is important for parents to begin teaching kids to save money. One of the best ways to develop a child’s interest in saving money is to provide incentives while at the same time teaching the value of the action.

    Here are a few helpful tips for providing incentives:

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    Categories: Saving Money
  2. Finding Paid Internships to Prep Young Adults for Their Dream Job

    Female business intern in meetingIt can be hard for a young adult to land a job in a chosen field without having had relevant work experience. One of the best ways to build a résumé and work skills is through internships. How to be sure that an internship will assist one’s career? A National Association of Colleges and Employers (NACE) survey found that 65 percent of college grads working in paid internships were likely to receive a full-time job offer.

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    Categories: Saving Money
  3. Is Your Teen Ready for His or Her First Job?

    Teen working at movie theaterBy working outside of the home, high school students can develop real-world experience, independence, time management skills and responsibility, as well as earn money. Is your teen ready for a job? Following are some surefire signs:

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    Categories: Saving Money
  4. Fun Ways to Teach Children About Finance

    Child holding dollar by piggy bankTried-and-true ways for teaching kids about money range from paying your children an allowance, to buying them a piggy bank, to opening a savings account with them. If you have used any or all of those methods or are currently using them, by all means continue doing so — they’re excellent strategies.

    However, not all children are automatically drawn to the subject of money, so you might find that your child is not as interested as you had hoped. For such children, a parent often needs to be a bit more creative and to come up with fun ideas for helping them to understand money.

    If that is the case for your child, consider these fun ideas for teaching kids about money:

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    Categories: Parenting Tips
  5. How to Be a Financial Role Model for Your Child

    Mother saving money with childNo matter what your financial situation, talking about money can sometimes seem uncomfortable, but it’s important to teach your children financial literacy – and to teach it to them again and again. The best way to teach is by example, so that your children can gain valuable, lifelong lessons.

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    Categories: Saving Money