Blogs

Easy Financial Education Exercises For Your Kids Putting your children on the path to making good financial decisions is one of the best ways to set them up for success later in life. It is never too early, or too late, to teach them the value of money and how to save for a rainy day. Below are some suggestions to help get you started. Teach Them to Budget An allowance can be a great first step in showing your kids how to manage money. Practice makes perfect, after all. If they blow their allowance on a new toy and don't have enough left to get ice cream, that can actually a good thing. This...

Grow Your Savings By Separating Accounts Whether you’re great at managing your money or bad at it, chances are that you have room for improvement. Accelerate your savings goals while staying on top of routine expenses when you establish two different accounts for your spending and savings. Unique Benefits of Each Type of Account Both accounts have distinct characteristics with the main difference being the accessibility of your funds. Checking accounts typically earn no or little interest, so they’re more conducive for withdrawing money and paying bills. Another bonus is that they tend to have...

Increase Your Savings With These Simple Tips If you have a limited income, it can seem difficult to put aside money. However, by reducing certain expenses and changing your purchasing habits, you can save money over time. Cook at Home Eating out can cost you a decent amount of money. As such, cooking more meals at home is a simple way to save. Going from eating out every single day to eating at home can save you over $40 to $50 per week. To maximize your savings have a plan for your meals each week. If you know exactly what you need to purchase before going into a grocery store, you can avoid...

Use This Powerful Financial Tool with Care Do automatic payments make sense for your finances? Setting up regular withdrawals for your bills and subscriptions can make life significantly more convenient, but it can also come with some downsides. Keep these pros and cons in mind as you consider whether to integrate automatic payments into your everyday life. Types of Automatic Payments Typically, automatic payments are made using one of two methods. With the first method, you can authorize your financial institution to automatically withdraw money from your account and send it as a payment each...

Spending Money Now to Benefit Your Future No matter what your plans are for your life, you don’t want money to get in the way of achieving your goals. As such, you may want to consider investing your money during each stage of your life to make your aspirations are more attainable. Going to School Saving money for your education can be difficult, especially if you intend to continue your schooling right after high school. However, in addition to setting aside spare cash for your post-secondary education, you should set up a 529 college savings plan. While 529 plans are typically set up by...