Kids love summer vacation because it means no school, but what do you do with them day after day? Activities, camps and vacations are a fun way to go, but in between those times you can also give them the chance to earn some cash (and learn how to save). Finding them a summer job might not … Continue reading “Summer Sun, Fun…and Earning Money!”
Category: Managing Finances
It’s that time of year again: you’re feeling carefree and in the mood to spend. Here are five common spending mistakes, according to MSN Money, that you can plan ahead to avoid this summer. Weddings On average, there are 2.5 million weddings celebrated each year, many in the summer. If you’re on the guest list, … Continue reading “Five Summer Spending Mistakes and How to Avoid Them”
Money worries are rampant among Americans. A recent survey by Ohio State University found that 70% of the nearly 19,000 students surveyed reported feeling stressed about money. Half worried about not having enough money for daily expenses, and 60% were anxious about the cost of tuition. But it’s not just college-age adults who worry about money. … Continue reading “Don’t Let Money Worries Rob You of Sleep”
Madison, 14, asked her friend what presents meant the most to her. The answer surprised her—it wasn’t about expensive new gadgets, but about hand-crafted gifts that make heartfelt connections. Madison shares her insight into gift-giving ideas for moms and friends–there are ideas for all ages, and it’s a great way to keep children on track during … Continue reading “Kids Share Creative Gifts for Mother’s Day”
One of the best ways to ensure your children grow up financially fit is to give them practice managing money with an allowance. But what’s the best way to do an allowance? There are many theories on that. Having a Set Allowance Ron Lieber, personal finance writer for The New York Times, says he and his … Continue reading “Does an Allowance Help Kids Save?”
For many of today’s young adults, the weakest link lies in learning the basics. According to a 2014 survey conducted by Harris Poll on behalf of Junior Achievement USA (2014 Teens and Personal Finance Survey), 40% of teens do not have a savings account, checking account, or debit or credit card. In addition, 59% of … Continue reading “Are your kids on the right track to financial independence?”
If you’re a prospective college student—or the parent of one—you’re probably suffering from sticker shock as you discover the cost of tuition, room and board, books, and other expenses. According to collegeboard.org, the average public four-year college costs $9,139 for tuition and fees alone (2014-2015), while the average private four-year school costs a staggering $31,231. … Continue reading “Fill the gap between rising tuition and decreasing financial aid”
At Liberty Savings, we join credit unions from all over for a month-long youth celebration each year. This year’s theme is Credit Union Strong. “What is Credit Union Strong,” you ask? Young people face a bewildering financial landscape in their immediate future—one where technology has made spending as easy as breathing and the cost of higher education continues … Continue reading “Get “Credit Union Strong” for Youth Month”
If you’re mired in debt, you may perk up when you hear about offers to lower your debt and save you money. Offers from credit cards frequently entice you to move your debt to their card with quick incentives like money back or 0% interest for a few months. Maybe you’d be eager to jump at … Continue reading “Is Debt Consolidation the answer?”
The average tax refund is more than $2,000, but if you’re getting that much back every year then you may be overwithholding by giving the federal government an interest-free loan for the year. Underwithholding is when you file taxes, you owe the Internal Revenue Service (IRS) money. Sometimes it’s confusing to know which is the … Continue reading “The basics of tax withholdings”