Make Money Smart Kids with Educational Savings Accounts

Coverdell Educational Savings Accounts (ESAs) are a useful source for education funding.   Often, these accounts are overlooked because of their limitations.  By understanding ESA rules, proactive parents can provide kids money education not just education funding. Understanding the ESA Rules Contributions:  Anyone may contribute to an ESA for a child under 18 years of age.  …

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Daddy, I want a Gup X!!!!

I’d be very wealthy if I had a dollar for every time my son asks for a new toy.  The one thousand times I’ve heard the question give me pause to think about my own childhood gifts. My fondest childhood memories are of experiences not physical gifts.  These memories include family trips, playing army, a …

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What to do about Allowances?

My childhood allowance was critical to developing my sense of financial responsibility.  The allowance allowed me to make mistakes with money while seemly huge at the time, in the scope of life were much, much smaller.   In short, my allowance was a fundamental part of my financial education and literacy. Allowance is a big topic …

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