Category: Financial Management

8 Worst Things to Buy New for Your Kids

Jul 17, 2015

Kids cost a lot to raise – about $245,000 for food, housing, childcare, education and other expenses for the first 18 years of a child’s life, according to figures from the U.S. Department of Agriculture. If you’re a parent, it’s understandable that you want to give your children the best. But considering how expensive it […]

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Biggest Supermarket Shopping Mistakes

Jun 26, 2015

For many Americans, monthly grocery spending is eating up a big portion of their budgets. On average, a family of four spends up to $1,300 a month on the food they consume at home. To make matters worse, most are spending more than they need to because of mistakes they are making when shopping at […]

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How to Use Allowances to Teach Kids About Money

Jun 12, 2015

The practice of giving kids an allowance seems to have caught on in a big way. In the 2015 Parents, Kids & Money survey from T. Rowe Price, 70 percent of parents reported giving an allowance to their children ages 8 to 14. That’s way up from 47 percent in 2013. Among kids who receive […]

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Could You Be Saving More?

Jun 01, 2015

While the trend toward longer, healthier lives is well-known, retirement planning is fraught with uncertainty. Research shows that over the past two decades expected retirement age has gone up. In 1991, 11 percent of workers expected to retire after age 65. In 2014, it was 33 percent, and 10 percent don’t plan to retire at […]

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Two Important Documents Every Couple Needs

May 29, 2015

All couples should have durable powers of attorney for finances and health care, but these documents are even more important if you and your partner aren’t married. A durable power of attorney gives you and your partner the authority to manage each other’s finances if one of you becomes incapacitated. A power of attorney for […]

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