Money Management Articles
Kids & Money
Make sure you've got the right approach to charitable giving this holiday season
Make sure you're prepared for the holiday season of giving, not only for
your protection, but also so you can get the proper tax benefits from
Being financially prepared for college
Many parents consider sending a child to college an important financial
objective. The College Board reports for a public in-state four-year
college, the average tuition for 2014-15 was $9,139. If room and board
was included, the average annual education cost was $18,942.
Who's teaching your kids about money?
If you think your children aren't learning about money because you're
not teaching it, think again. While savvy marketers are telling our
kindergartners that they need a certain toy to be happy, credit card
companies are peddling instant gratification to our teens.
Adding a teen to auto insurance? Be prepared
If adding a young driver to your policy is in your future, you need to be ready for the added costs. While policies vary based on a multitude of factors, financial experts
advise being prepared for the unavoidable expense of a teen driver
addition. The Minnesota Society of CPAs (MNCPA) offers these ways to
save some money on their protection.
5 tips to quickly pay off student loan debt
Struggling with student loans? You're not alone.
Resolving financial concerns for stepfamilies
Roughly 1,300 new stepfamilies are created every day, according to the
Stepfamily Foundation. And, 41 percent of all Americans have at least
one step relative, based on Pew Research Center findings.
Beware before you buy: 6 considerations for kids' cell phones
Have your kids started asking for cell phones or mobile devices of
their own? Usage of mobile devices is growing among the younger set. In
fact, 45 percent of parents say they have already purchased or plan to
purchase mobile devices for their kids.
How to give wisely during the holidays and beyond
Have the holidays made you feel more generous? Nonprofit organizations
report receiving 41 percent of their donations between Thanksgiving and
New Year's each year, according to Charity Navigator, and their overall
charitable contributions are significant.
College and taxes: MNCPA outlines the importance of determining who takes the dependency deduction -- parent or student?
If you or a member of your household is a college student or returned to
school for additional training in the past year, there are important tax
considerations to discuss with your CPA as you organize your state and
federal income tax return information for 2014, advises the Minnesota
Society of Certified Public Accountants (MNCPA).
How to guard against child identity theft
Your child begins to receive offers for pre-approved credit cards. It
sounds annoying, but nothing to be worried about, right? In fact, it
could be one of the warning signs that your family is the victim of
child identity theft. Nearly 3 percent of U.S. households with children
under 18 -- or one in 40 households -- has been struck by child identity
theft, according to the Identity Theft Assistance Center.
9 ways to trim your back-to-school budget
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
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
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.
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