In a GoBankingRates.com survey, more than 5,000 respondents identified the number one financial topic they wished they’d learned as teenagers in school. The six possible answers included: How to create and stick to a budget How taxes work The importance of credit scores/building credit How credit cards, loans, and interest rates work Retirement accounts and […]
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Best Money Apps for Kids
Financial education is essential and should start as early in life as possible. While the number of schools adding personal finance to their curricula continues to grow, many kids don’t get taught about managing money at school or home. What’s one way to help teach a kid who can’t get their nose out of their […]
Best Money Games and Activities for Kids
Parents and caregivers may wonder when to start teaching young kids about money. Although there is no “right” time, starting early makes the most sense! Even at two or three years of age, children can start learning about money through their everyday family activities. Going to the store and talking about buying groceries, toys, and […]
Financial Impacts of Distance Learning
The coronavirus pandemic has wreaked havoc on the financial situation of this country and its people. The effect is felt most by the economic impacts of shutdowns and other various restrictive measures. But another casualty of the pandemic quietly added another financial blow for many Americans. Distance learning. As cases continued to climb around the […]
Raising Special Needs Child: How does it impact your finances?
“You’ll need $2.8 million to take care of your child for their life.” I’ve never heard a sentence more deafening than that. My husband and I sat there, staring blankly back at our financial advisor. I swear I could feel my heart slow, and my brain spun out of control as my husband and I […]
How Much Should We Save for Our Kid’s Education?
As a parent, we always want to do what’s best for our children. Paying for a college education is a difficult choice to make for several reasons. But, no one wants their kids to be weighed down with tens of thousands of dollars of student loan debt either. Sure, you can wait until your kid […]
Best Ways to Save on Back-to-School Shopping
The COVID-19 pandemic is affecting our lives in numerous ways. The uncertainty and change in routine are also impacting back-to-school shopping – one of the biggest retail seasons of the year. As some parents plan for a fairly typical start to the school year, many students are starting school fully online or with hybrid in-school […]
Selling a Home to Someone You Know [Good Idea?]
You’ve decided to sell your home and a friend or family member has expressed an interest in buying it. Even though it seems like a much simpler way to sell your house – remember that easier isn’t always better. There are plenty of advantages to both parties when someone you know buys your home. But […]
An Allowance System that Works [Greenlight Review]
Have you wanted to set up an allowance system for your kids but struggle with consistency? It’s so easy to forget to take out cash or to miss a weekly allowance. Or even mix up those money jars. Cash allowances can also be problematic when you’re at the store, and your kids want to buy […]
Do You Need a Lawyer for Estate Planning?
Of all the decisions you make in life, estate planning is one of the most important. An estate plan is essential for protecting your family after you’re gone. When done correctly, an estate plan will ensure your final wishes are carried out while minimizing taxes and legal fees. You’ve probably asked yourself whether you can […]
Should You Move Back Home to Save Money?
Deciding where you’ll live is never an easy decision to make. Whether you’re graduating into an uncertain job market or feeling buried by debt, one choice more and more young people are considering is moving back home to their parents. While multigenerational living certainly isn’t the norm in the United States, it is on the […]
What Financial Protections do Stay at Home Parents Need?
Whether you’re already a stay at home parent, or considering the possibility, money is a primary concern. When deciding to have one parent stay home, your priority is figuring out how to live on less income. But you also need to understand that the parent who quits work to stay home is in a vulnerable […]
How Do I Teach My Teenager About Money?
One of the most important jobs we have as parents is to teach our children how to navigate the adult world. An important skill they’ll need to master is managing their money. Starting while they’re young is a good plan but if you’ve missed that boat it’s not too late. So how can we successfully […]
Should You Financially Support Your Adult Children?
According to a report by Merrill, over three-quarters of parents provide financial support to their adult children. From allowing their kids to live at home to paying for their cell phone bill or even footing their student loan payment – parents are giving grown children more money than ever before. The study reveals parents in […]
How Much Does Estate Planning Cost?
If you don’t have a will, you’re probably wondering how much estate planning costs. Looking for legal help isn’t like shopping for new shoes where prices are published and you can compare easily. Estate planning doesn’t have to be expensive. Michigan, for instance, provides a free will planning tool you can do yourself online. Though, […]
How Can Parents Raise Money-Savvy Kids?
This post is sponsored by T. Rowe Price Our mission at Women Who Money is to provide trustworthy personal finance information by writing leveled content to support people no matter where they are on their financial journey. We’re also committed to helping people find accurate and developmentally appropriate resources to teach children about money. According […]
Saving for Retirement While Helping Kids & Parents
If you’ve asked yourself how you’ll save for retirement while also financially helping your kids and parents, you’re not alone. A few years ago, the Pew Research Center reported that almost half of all adults in their 40’s or 50’s were either raising a child or supporting a grown child, while also helping a parent […]
Should You Hire Friends and Family for Your Business?
When you own a small business, you need to wear many hats to run and grow your enterprise. However, there will come a time when you can’t do it all alone and need to hire employees. When you reach that point, it may be tempting to enlist the help of family and friends. After all, […]
Best Ways to Financially Prepare for a Baby
Your family is growing! Whether this is your first time becoming a mom or not, preparing to have a baby brings a whirlwind of feelings, emotions, and worries. One of the biggest concerns moms-to-be face is a financial one. You may have seen estimates that it costs $233,000 to raise a child from birth to […]
Prevent Identity Theft: Best ways to keep your family safe
Thanks to data breach after data breach, online security and identity theft are at the forefront of most adults’ minds. Most of us work pretty hard to keep ourselves safe online. We log out of public computers after using them. We create different usernames. And we change our passwords regularly. We even resist the urge […]
College Students and Credit Cards – A Good Plan?
For many young adults, college is when the topic of money and finances gets real. Many college students start to manage money on their own for the first time in their lives. College students use money daily. Many have recurring bills to pay, such as rent, insurance, and tuition. They also have to pay for […]
What Are the Best Money Books For Teens and Young Adults?
As your kids get older and become young adults, everything they want and need seems to get more expensive. You think about money a lot, and you’ll notice money is on your teen’s mind more often too. Whether it’s spending money to go out with friends, earning money from their first job, saving for college, […]
What Money Games and Activities Are Best for Teens?
When it comes to teaching kids about money, we know starting early is a smart decision! There are terrific resources to help young children learn their first financial lessons. But what can we use to teach older kids and teens about money? Improving teens’ financial literacy is incredibly important. A 2017 study released by the […]
How Can I Teach My Kids About Money?
We all want to raise kids who are happy, well adjusted, and, let’s face it – financially successful. But if you haven’t got your own financial life sorted out just yet, how do you make sure to teach kids smart money habits? T. Rowe Price, the popular investment firm, surveyed over 1,000 parents and adults […]
Budgeting for New Baby: How do I prepare without breaking the bank?
Baby care products make up a $74 billion industry in the US, and it’s estimated the average new parent will spend tens of thousands of dollars in the first year alone. If you’re not careful, preparing for your new baby can quickly bust your budget. The industry heavily markets “must-have” products you and your baby […]
