Money Management Articles

Kids & Money

9 ways to trim your back-to-school budget - 8/7/2014
The National Retail Federation predicts combined spending for back to school and college is expected to reach $74.9 billion, or $669.28 per family on apparel, shoes, supplies and electronics, an increase of 5 percent from last year.

Know what’s at stake before taking student loans - 8/7/2014
With student loan defaults at historic highs, students and their parents need to understand the ramifications of defaulting on a student loan. The Minnesota Society of CPAs (MNCPA) cautions parents to think carefully about co-signing for a student loan and to be sure they understand what it could mean to their own financial future.

MNCPA issues list of strange and unusual tax deductions - 2/17/2014
The Minnesota Society of Certified Public Accountants (MNCPA) recently conducted its annual CPA member survey about the most strange and unusual tax deductions proposed by clients. Responses included everything from pets and wedding rings to gifts not given.

Five smart financial tips for young people - 10/3/2013
A whopping 70 percent of college students will graduate with student loan debt, which averages about $25,200, according to a recent Fidelity Investments survey.

Six ways to teach kids about sensible spending - 11/1/2012
Even young children are able to understand what it means to build — or save — toward a goal, such as a toy or trip to an amusement park. Parents can help by encouraging their children to set aside money they receive for birthdays or holidays to save up for a special purchase. Older children can save money earned from afterschool or weekend jobs, and parents can give younger kids small jobs to help them earn money.

Have you had the (financial) talk with your kids? Back-to-school is a great time to reinforce smart money habits - 9/1/2012
It’s back-to-school time. This year, the Minnesota Society of CPAs (MNCPA) suggests you start a new back-to-school tradition. Take the opportunity to talk to your kids about important financial matters and embrace this teachable moment before you hand your kids back over to the teachers for the next nine months.  


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