Estate Planning Answers

Q: We have three teenagers and would like to start introducing them to investing for their futures. Something I wished my parents would have talked to me about. How do you suggest going about doing this? - S.W., New York  A: Unfortunately, the principles of investing are seldom taught in school, so it’s up to us [...]

Q: We have several kids at home and they’re starting to want more and more goodies. We’re not sure we can afford them. Any suggestions on teaching kids how to budget for their futures? – J.T., Illinois  A: Budgeting is one of the core fundamental tools for sound money management. It is an acquired skill [...]

Q: We’re a middle class family and we have two teenagers. A friend of ours has a child that got into financial trouble by severely overspending on her credit cards and the parents had to pay a lot of money to get her out of debt and protect her credit. We don’t what this to [...]

Q: Our teenage son is doing quite well in school, but he doesn’t know anything about paying bills or dealing with money. Do you have any suggestions to help us get started? – S.L., Washington  A: Checking accounts and debit cards, ATMs, e-cash (electronic cash) and paying bills are all important parts of our everyday [...]

Q: We have two kids 4 and 5. When and how should we start teaching them about shopping and spending money? – K .& L., Georgia  A: There are a number of  key concepts about shopping and spending money that are worth introducing and teaching children at an early age. As the years go by, [...]