How to Pay Bills Without a Bank Account
According to a report by the FDIC (Federal Deposit Insurance Corporation) in 2019, 5.4% of households in American were unbanked or had no bank accounts. There are several reasons that someone may not have a bank account. Past financial mistakes like too many overdraft fees or bounced checks can make it hard to open a…
Read MoreHow to Teach Your Kids to Budget for Their First Jobs
First of all, congratulations! Your teen has their first paying job. This is a milestone and a time where they’ll learn new things about work, life, money, and themselves. This is an excellent time to teach foundational principles and practical budgeting. Your teen can also earn more financial independence. Save. Spend. Give. All the things…
Read MoreLet’s Get Reading! The Best Books to Get the Money Conversation Started With Your Kids
Talking to your children about money is a difficult conversation for many parents to have. Starting the talk is the hardest part. No matter how old your children are, here are some ideas to get the ball rolling. Sometimes reading a book to children gives you a script to start that conversation, and then you…
Read MoreWhat Is a Pre-Paid College Tuition 529 Plan and Is It Right for Me?
For those of us who have children, just thinking about putting them through four years of college can feel overwhelming. In the United States, the cost of college tuition is higher than almost anywhere else in the world. And it keeps rising every year! According to a survey from the College Board (the company that…
Read MoreShould I Give My Child an Allowance? How Much Should I Give Them?
It’s never too early to teach your kids about money. I wish I had learned about the ins and out of money at a much younger age. Growing up, my parents never talked about money in front of me. It was one of those subjects you didn’t talk about with anyone. I had to learn…
Read MoreHow to Teach Your Kids About Budgeting for Special Events and Purchases
Hooray to anyone willing to teach their children about budgeting for special events! Successful money managers don’t become that way overnight. It’s a skill that needs to be taught and practiced from an early age. By teaching our children while they are under the safety of our roof, we can guide them through mistakes and…
Read MoreHow to Prepare for a Family Financially
Since we know that everything affects everything, let’s talk about how our financial lives are impacted by our families. Over 80% of SaverLife members live with at least one other person—be that a parent, child, partner, or roommate—and even if you are single, you may have heard that having a baby can really break the…
Read MoreHow Can I Involve My Kids in Everyday Budgeting and Financial Decisions?
The home is the perfect place for kids of all ages to learn and practice personal finance. Here are some specific ways you can involve your kids in everyday budgeting and family finances, all while teaching important life lessons. Consult Your Kids When Making Your Monthly Budget Let your child know that you’re looking ahead…
Read MoreHow to Plan for the Cost of College with Your Kids
As a financial coach, I encourage parents to talk to their children about college as early as possible. Nowadays, college is one of the most expensive costs, next to a car or a home. Enrolling, paying, and attending college is also a complicated process. Leaving this in the hands of an 18-year-old is unfair. Your…
Read MoreHow Early Should I Start Talking to My Kids About Money?
Do you ever wonder what is the right age to talk to your kids about money? Or what should you be talking to your kids about to help them understand and manage money well? Talking About Money Is Probably Easier Than You Expect Most kids are naturally interested in money, or the things that money…
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