Saving enough for a 20% down payment on a home can be one of the toughest financial challenges most people will ever take on. With the median existing U.S. single-family home price at about $213,000, that means pulling together more than $40,000 – a veritable mountain of cash. Yet reaching that goal can be done. It just takes planning, patience and discipline. Here are some tips to help you map your path to home ownership: [More]
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]