Right now, in homes across the country, there are dirty little secrets stashed in shopping bags in the trunks of cars. Some are tucked away behind storage boxes in the garage or lurking under the bed.
Like most parents, I have a few control issues. When it comes to money mistakes, sometimes the best thing parents can do is let our kids mess up – especially when they’re young and the consequences aren’t critical. “Your children are going to learn some hard lessons when it comes to money. They are going to make some bad decisions, maybe some really bad decisions. But that’s okay.”
Kids are quick to ask questions, and they don’t shy away from the tough ones: Why is the sky blue? What happens after we die? How did a baby get into her tummy? Parenting books and stories from fellow parents help us anticipate those questions and think about how and when we want to answer them. But many of us are caught off guard when our kids ask about money.
Our grandparents’ generation used to joke about being attached to a “ball and chain” once they got married. For today’s couples, that heavy “ball and chain” is likely to come in the form of debt that one or both people brought into the marriage.
Think of ITMs as the next generation of ATMs, only better. As the name suggests, ITMs offer you the option of actually interacting with a live teller via a video screen. Bear State Bank has three currently in use and plans to roll out more in the future.
I admit it. I’m a worrier. It applies to nearly all aspects of my parenting but particularly to teaching our three kids what they need to know about money. I worry that I’ve screwed it up already or that I’m actively screwing it up now.
Marriage is about coming together – two minds, hearts, souls. But it’s not just the warm and fuzzy stuff fusing together. Marriage also involves a co-mingling of money, and that’s where things often go from romantic hearts and flowers to dreadful dollars and cents.
Any victim of ransomware will recognize these five words. It’s often accompanied by a fake FBI or police logo and a threat of a prison term of “four to twelve years” if the victim doesn’t pay a sum to unlock the PC. The threat of imprisonment is obviously a fake, but the inability to access one’s computer files is real.
No matter where you are in your life or how much you have in your retirement account, your employer-sponsored retirement plan may have features that will help you build your nest egg.
Setting up a budget will require some work, but the benefits more than offset the time invested. How you create your budget is up to you.