When should you open your child’s first bank account? Now. It’s never too early to open a bank account for your child. Never.
Expecting a baby (still in the oven)? Perfect, you’re ahead of the game. Head to the bank and open an account in your name. While doing so, simply ask for the account title to reference “Baby’s Account.”
Just became a new parent (done cooking)? Head to the bank with your child’s SSN (if you don’t have it quite yet just hang ... [More]
Your life will never be the same – and neither will your bank account. All the joys of parenthood that you are going to experience over the years unfortunately won’t come free. From the first day you find out that you’re expecting to the last payment you make towards college tuition, the dollars immediately start adding up
Whether or not your pregnancy was part of your grand life and/or financial plan, there are a few things you should start to think of to make sure you are as... [More]
As a parent, it’s our job (yes, I’m a mom) to teach our kids. There is a lot they will learn in school, and they will probably have a lesson or two on financials in school, but as far as I’m concerned this is mostly on us as parents. So, what should we do? Here’s how I see it. You know the phrase “do as I say, not as I do?” Probably not the most fitting for this! Don’t’ get me wrong, those words have come out of my mouth a time or two. Or three. Ho... [More]