Money Management Articles
Kids & Money
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.
Five smart financial tips for young people
A whopping 70 percent of college students will graduate with student
loan debt, which averages about $25,200, according to a recent Fidelity
Six ways to teach kids about sensible spending
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.
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