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How To Teach Teens To Manage Money

Parents with teens are on the verge of raising young adults preparing to begin their first job or heading off to college. When teens get their first job, they may want to spend their first paycheck on a shopping spree. That is why it's so important to teach children age-appropriate money habits before getting their first job. Young adults face insurmountable credit card and student loan debt, teaching your teen positive money habits is essential.  Saving Parents should encourage their teens to save money and set financial goals to understand the practice of budgeting, saving, and investing. Encouraging saving and goal setting with teens helps build a solid financial foundation for their future. In addition, knowing how to budget and save for goals can reduce the chances of getting into uncontrollable debt in the future.  Money Lessons   Ad Finance 101 for Kids: Money Lessons Children Cannot Afford to Miss can help your teen understand interest, budgeting, investing, and other basi

The 5 Best Personal Finance Books

It's getting cold outside! Freezing temperatures mean it's the perfect time to snuggle up by the fire with a good book. Why not increase your financial literacy and set financial goals at the same time? I've scoured the web and my Kindle arsenal for some must-read financial books that can help you set and achieve your plans for the coming year.  These books cover budgeting, saving, investing and offer goal-setting advice.   1. Sexy Money: Infusing Pleasure and Power into Money While You Make More Than Ever    Ad Who thought that money could be considered sexy? Well, not having money can be scary, stressful, and troubling. Genevieve discusses how your spirituality can eliminate your scarcity mindset into one of abundance, in this book. Changing your money mindset can strengthen your relationship with money and heal your heartache. Sexy Money will infuse pleasure in your life and make the process of getting rich irresistible.   2. You Need a Budget: The Proven System for Brea

What Is Debt And Debt Management?

Debt can come in many forms. Debt can consist of payments due for auto loans, credit cards, mortgages, payday loans, student loans, and even borrowing from your retirement accounts. Debt management may seem like a chore. However, keeping track of what you owe can help you build a solid financial future and eliminate future financial stressors. Read on to discover the four most common types of debt. Credit Cards It's no surprise that credit cards top this list. You may see credit card offers on television, in your mailbox, and even in your emails. It's essential to monitor your credit card usage to ensure you use it responsibly and not for every purchase you need to make. A good habit is to pay cash for any purchases under $20.  See my feature in 10 Signs Your Spending is Out of Control .  Auto Loans For most individuals, transportation is a need. You need it to get to work, go grocery shopping, and ensure that you have a reliable means of transportation. As a result, you may re

Four Resume Tips To Avoid Discrimination

Building your resume can sometimes feel like an art form. You should include the required items on your resume, like your job title, dates of employment, and your job accomplishments for each role. However, there are also items that you should leave off of your resume to avoid various types of discrimination. The following are standard items that you may include on your resume that can subject you to bias and how you can prevent it.  Your Address Including your address on your resume lets the potential employer know that you are near their physical office. Adding your address can be advantageous if the employer is looking for someone who does not require relocation expenses or looking for a remote opportunity. However, this can lead to zip code discrimination. Zip code discrimination occurs when there is bias based on where you live in a specific city. To avoid bias based on your location when crafting your resume, you can enter the city and state in which you live. If you are selected

What Are Savings Bonds?

Savings bonds are low-risk savings tools. Your returns are based on how long you maintain the bond, the current interest rate, and the type of bond you purchase. Savings bonds come in two forms Series EE and Series I, and can be gifted to help others begin saving. To find out which bond may fit your financial situation, let's examine how savings bonds could be used for long-term financial planning. Series EE and Series I When purchasing Series EE bonds and Series I bonds, the length of time you want to maintain the bond should be considered. Series EE bonds take longer to fully mature than Series I bonds. Series EE bonds are considered long-term bonds and earn interest for 30 years or until you cash them. The interest rate for a Series EE bond is significantly lower than that of a Series I bond. However, after 20 years, your Series EE bond will be worth double what you paid for it.  Series I bonds earn an interest rate based on inflation and would be best suited for someone seeking