The Alliant Credit Union Teen Checking Account earns a spot on our list of the best bank accounts for kids for several reasons. For starters, it’s virtually fee-free. It can earn a decent yield on all balances. It has a big network of fee-free ATMs and a generous reimbursement fund for out-of-network ATM transactions. It’s … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. Are you in a job you dislike and thinking of changing things? Perhaps you’ve thought about going into a field that seems like it would be fun and exciting all the time. Before you make a major life change, know that not … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. It’s easy to get stuck in a rut of watching Netflix and scrolling through social media when bored. But the truth is, there are plenty of things to do that don’t involve spending any money. And the best part is not only … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. When it comes to money, we often fantasize about all the things we would buy if we had all the money in the world. But what wouldn’t you buy? There are things out there that, even if you were extremely wealthy, you … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. We all know those jobs that make us scratch our heads and say, ‘Why is this a thing?’ Or we’ve been in the middle of an office meeting where someone is talking about a task they completed that felt more than a … Read more
Opening a bank account for your kids and becoming a joint account holder is a great way to: Reinforce basic banking concepts that we take for granted, such as adding and withdrawing funds Teach basic budgeting skills and demonstrate the importance of spending less than you earn, a cornerstone of financial responsibility Demonstrate the importance … Read more
Your kid’s first bank account should be a checking account. Some parents opt for a kid-friendly prepaid debit card instead, which isn’t technically a bank account but can perform the same basic functions. Your kid’s second bank account should be a savings account, and it should come close on the heels of the checking account. … Read more
Kid-friendly debit cards have lots of built-in advantages, including full adult ownership (usually) and tight controls on transactions. They also tend to have robust educational features and tools to reinforce the money lessons kids naturally learn by using them.The downside is kid-friendly debit cards tend to have higher fees than kids checking accounts or savings … Read more
Buying a home is often seen as an important rite of passage to ‘adulthood’ and a major part of the American dream. Depending on your situation and where you live, it can also be cheaper than renting. But unless you have a large chunk of money just sitting around, the down payment it requires is … Read more
You can open a bank account for your child long before they attend their first school dance or slide behind the wheel of a car for the first time. And you should because kids learn by doing. A parent-supervised checking account is the ideal tool for teaching your child the value of money and getting … Read more