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Toddlers and Financial Literacy

I am certainly a believer in teaching your kids about money. I am learning more than a few financial lessons the hard way, and I am not about to blame it on my parents but I am going to do everything that I can to ensure that my children do not repeat my mistakes. While it seems as though I have quite a bit of time before I have to start worrying about it, I wonder how much time I actually do have before I have to worry about it if you know what I mean. My son is twenty … Continue reading →

What Not to Do in Front of Your Kids When It Comes to Money

Children learn what they see. It is a true statement for any kind of behavior including money management. Children’s attitudes toward money and whether or not they will be able to make it work for them as adults has much to do with their parents. If you are married, think about any differences that there might be between you and your spouse, regarding any issues having to do with money. Is one of you more a saver than a spender? Do you approach investing or debt the same way? Chances are that you may each have different ideas about handling … Continue reading →

Giving Back

With the economy still in the dumpster, a record number of Americans searching for work, and people pinching pennies to make ends meet, it may be hard to fathom that there are individuals financially worse off than you. As the sun dips below the horizon on the last day of 2011, now is a good time to assess what you really have. In all likelihood you have an abundance of material possessions, some of which can help improve your financial situation. If you are in need of quick cash, go through your closets and garage and see what items you … Continue reading →

The A B C’s of Finance Part 7

As I bring my alphabetical adventures in financial literacy to an end, I am seriously wondering whether there are actually financial words that begin with x, y, and z. Lo and behold, there are. Not many, mind you, but the fact that there are financial terms beginning with those letters is surprising given how few words in general begin with those letters. For X, there are no actual words that I could find, but it is used as a symbol on the Nasdaq stock exchange. If a Nasdaq stock symbol has X as the fifth letter, that means that the … Continue reading →

The A B C’s of Finance Part 4

Continuing on in our discussion of finance from A to Z, here are more words from the language of finance that I did not know and would like to share with you. A joint and survivor annuity is a type of annuity that two people open together. It makes payments for the entire lifetimes of both beneficiaries, even after one of them dies. Keogh plans are pension accounts in which taxes are deferred. This type of pension plan is available to people who are self-employed, which is great because self employed people often do not have the same type of … Continue reading →

The A B C’s of Money Part 3

Since I was having so much fun last month learning about new financial words, I think that I would like to continue doing that since I have only gotten to the letter “F” so far. As I learn more and more about money, I realize just how much I do not know about money and finance. That is not a good thing in my opinion because knowledge is power and my finances are definitely something that I want to feel empowered about. So, onward we go with more financial words. A guarantee is the assumption of responsibility for payment of … Continue reading →