Being a student is an expensive undertaking. From tuition and fees to books and supplies, there are a lot of costs associated with getting an education, and that’s not even taking into account the cost of living. It’s no wonder that so many students find themselves in debt. However, it doesn’t have to be that way. Here are five student-saving tips to help you get started with your financial goals. 1. Identify Your Goal Whether it’s a down payment on a house, paying your student loan, or a cushion of savings to fall back on, knowing what you’re working towards will help keep you motivated. Once you’ve identified your goal, break it down into smaller, achievable milestones. For example, if … Read more

The following is a guest post by Paige Cornetet, author of “My Dad’s Class – An intentional Structure for Teaching Kids About Money and Life“. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. Here’s the thing about kids and money: children don’t intuitively understand how money works. It sounds strange but consider the concept for a minute. When a young child needs food, we feed them. When they’re thirsty, we give them a drink. Clothes? We buy them, they wear them; we wash them, and they wear them again. Eventually, of course, children come to understand that there’s some sort of trade involved, that we exchange money for … Read more

When your children understand the ins and outs of finances, it teaches them how to manage money and other life skills they can take with them into adulthood. For instance, learning how to save can teach your kids discipline. Showing them how to spend responsibly can lead to solid decision-making skills. And teaching them how to invest can help them learn to deny themselves instant gratification. Good financial health can do many wonderful things for your children. But they need your help to learn what that actually is. Here’s how to help your children take some practical steps toward building up their own financial health. Have Age-Appropriate Money Conversations Teaching your children how to make good decisions with their own … Read more