Let's face it - putting money in a savings account isn’t exactly the most exciting thing to do with your hard-earned cash, even for adults. If you find it difficult to motivate yourself to save, imagine how kids feel about saving. Here are some tips on how to help motivate your kids to save money and become financially responsible individuals:
1) Give your kids a weekly allowance and help them set a budget.
Have your kids agree to an amount that they should save weekly and ... [More]
Do you really want to read about tax planning????
The answer is a big YES because it can help you and your family’s financial situation.
Goal number one in tax planning is to reduce your taxable income or adjusted gross income (AGI). Aside from the obvious fact that the easiest way to reduce your income is to earn less (duh!), the best way to reduce your AGI is to contribute to a (401k) or whatever retirement plan is offered to you by your employer. Your contribution reduces y... [More]