How to Pick a Good Forex Broker

Before you pick an online broker, obtain a copy of their on-line demo account. Picking the proper FOREX broker for you will take a little work on your own part. It’s necessary that your Forex broker is actually a registered member of the financial institution.

To become a prosperous day trader, you don’t just require luck. Usually, more experienced forex brokers and those with a superb history of successful trades demand a greater price. My recommendation would be to pick a few forex brokers that you’re comfortable with, have credentials, have a proven good history. It would definitely be best to find in contact with as many references as possible to find an exact feedback on the possible broker.

Brokers may harm you. My recommendation is really to look at a handful of Forex brokers.

Pick forex brokers offering several trading platforms such as what you can find on http://123forexbrokers.com/.  To be considered a prosperous trader, you must be serious with all of your trading transactions. Once you learn how to deal with the risks, then you will need to learn more about direct your Forex trading account. Prior to choosing to dive into trading you have to obtain a Forex trading education.

A few of the most effective Forex trader advice I can give you is to have a software program as a way to study how to analyze the Forex market. Forex brokers get a commission that is paid via the spread offered by the brokerage. You might also seek some valuable suggestion from different active Forex traders. Therefore you have to seek a knowledgeable Forex broker.

If you understand what we have just discussed you’ll observe that a lengthy term technical method of trading is the greatest approach to produce long-term profits from Forex trading. A FOREX broker also has to be related to a financial institution, for example a bank as a way to provide funds for margin trading. If it’s endangering them then it may be in your very best interest uncover new broker. Lots of individuals want to learn more about FOREX trading.

Here are a couple of tips which I would want to give you to really get you going. In line with the expert traders, it’s simple to trade in the foreign exchange market but for the newbies, it might be somewhat difficult. To begin with, you need to make sure you’re never investing any money you cannot afford to reduce. In case you are thinking of investing online, you can choose several on-line brokers and contact their help desks.

Among the best resources to acquire a Forex trading education is utilizing the Internet. Once you study and find out more about the respective characteristics of the Forex market, the following section of your Forex trading education would be to manage the assorted risks involved. Several Americans and lots of other various nationalities are extremely curious and need to figure out ways to get appropriate forex trading education. Furthermore, your Forex trading education will likewise let you know if you are ready to perform the actual thing or you need more practice.

Decent money management allows for this to happen. In the event the prediction is right he then will win up to 90% of the investment as well as the initial investment, but if prediction falls wrong, he then is more possible to lose the entire wagered sum. Ensure your funds and it will likely be insured.

What You Need to Know About Life Insurance

The Simple Dollar’s Guide to Life Insurance

 

There’s no way to get around it: death is not a pleasant topic of conversation. However, loss does happen and when it does, it’s crucial to know that the people who depend on you are taken care of. That’s why the team at The Simple Dollar spent weeks researching the ins and outs of the life insurance purchase process.

 

Finding the Best Life Insurance

The best life insurance companies have these five things in common:

  • They underwrite their own policies — not every life insurance company owns the products it sells, rather they act as a middleman to service other companies’ policies. To avoid unnecessary confusion and obstacles, look for a companies that deals with you directly.
  • They can definitely be able to pay on a claim — the Insurance INformation Institute recommends getting ratings from two or more independent ratings agencies to ensure that you can feel confident with the company you select. Look for ‘financial strength ratings’ from A.M. Best, Standard & Poor’s, and Moody’s (hint: if they have below an A rating, it may be best to keep looking)
  • You’re able to renew your policy without another medical exam — if you develop a serious illness near the end of your policy’s term, you could be left paying exponentially more, or worse, have no coverage at all when you need it most. While premiums go up with age regardless, keep yourself protected by opting for a company that offers guaranteed renewability.
  • You can turn a term policy into a whole life one — your needs may change, and making sure you’re picking a company that accomodates this change is incredibly valuable.
  • Similarly, you can customize your coverage — the best policies are flexible, and offer riders to help you feel secure about your specific situation and needs. Keep an eye out for options like cost certainty, which ensures that your premiums won’t rise, multiple options for term lengths (i.e. 10-, 15-, 20-, 25-, and 30- year term options), and disability protection, which allows you to maintain coverage and prevent your insurance from lapsing if you should become disabled during your term.

 

What You Need to Know When Buying Life Insurance

  1. There are two types of life insurance: term and permanent

Term life insurance is in force during a set period of time, but is a much cheaper option, making it the right choice for many. The term typically coincides with your prime working years, creating a safeguard for your dependents should anything happen to you and cannot provide for them. Most people can expect that their kids will be able to provide for themselves by the end of the term, at which point, life insurance becomes less of a need and can be replaced by smart investments in retirement.

  1. Although permanent life insurance can be necessary for some, don’t purchase it as an investment.

Permanent policies make sense for certain people, like parents of children with special needs, who will likely have to take care of them for much longer. However, if you are considering opting for a permanent policy, don’t do so because of the alleged ‘returns’ on your investment. While many permanent life policies come with cash-saving features, the returns are generally very low and there are a ton of restrictions of how you can use the cash value of your policy.

  1. Your health and age at the start of your policy are the biggest determining factors in your premium rate.

Your physical health and age taken into account in order to gauge life expectancy. However, you only have to have your health measured once during a medical exam when you first apply for coverage. Insurance companies determine your projected average risk of dying and use that figure to set your premium price. That means that the younger and healthier you are at the start of your policy, the lower your premium will be.

  1. You should take a medical exam even if it’s not required.

If you’re enough, you can bypass the medical exam when purchasing life insurance with some companies. However, what they don’t tell you is that doing so could raise your premium rate. Without the medical data to prove your health, you can be considered a riskier investment for the company, and therefore have to pay more.

  1. Your driving record and credit score matter!

Though these factors are not weighed as heavily as age or health, companies can see behavior like traffic violations or poor credit as risky, driving up your premium.

  1. You and your spouse should buy individual term policies.

If you’re the primary earner in your family, you may not have considered the real cost of replacing the work your partner does. Even household tasks can add up if you outsource them, so investing in separate term policies can offset potential future costs.

 

The Key Takeaways

  • If you have dependents (spouses included) that would be shaken up financially in the event of your death, it’s better not to wait.
  • Think about how much life insurance you really need. Consider your long-term debts like student loans and mortgages and ask yourself how much it would take to sustain your household at your current spending habits.
  • Don’t assume anything! If you have employer-sponsored coverage, check to see what that really entails and whether you should supplement with your own.
  • Get quotes from multiple providers before settling on a policy — every provider has different risk factors and premiums and rates can vary from person to person as a result
  • After doing your research, sit down with a broker and review your options. You don’t have to commit to anything and most companies assume a broker fee when they set their premiums, so you shouldn’t be paying extra to have the conversation.

For more information regarding life insurance, including a helpful calculator tool to help you put everything into perspective and The Simple Dollar’s recommendations visit: http://www.thesimpledollar.com/best-life-insurance-companies/

Preparing for a New Baby on a Limited Income

Having a baby is very exciting, and a joyful experience that people look forward to. But children are also very expensive, so having a steady income that will provide you with the money necessary to give your child everything that he or she needs is important. If you are expecting a new baby but you are on a limited income, you are likely worried about how you will be able to make ends meet. Continue reading to learn a few strategies that you can use to put your mind at ease when it comes to your finances.

Consider Taking Out Loans When Necessary

To make expensive purchases that you can’t afford on your own, you can always opt to take out one of the many UK home and personal loans that are available to people just like you. If you have a low credit score and poor credit history, there are many lenders who will be willing to work with you and help you get the money that you need to support your growing family.

Stick with Breastfeeding and Save on Baby Formula

Breastfeeding is healthier for your baby, and it can actually save you money because you will not need to purchase baby formula. And instead of buying a breast pump, you can borrow one from a friend or family member who used one for their baby. Many women find that they prefer breastfeeding, too, because it helps them bond with their baby, so there are more benefits to this strategy than just saving money.

Have a Baby Shower

If a friend or family member throws you a baby shower, you can be gifted with a lot of the supplies that you will need to purchase for your baby. These include everything from baby clothes, bottles, and nappies, to car seats, prams, a cot, and everything in between. Make it a point to save whatever baby clothes and supplies you can if you are planning on getting pregnant again in the future, as you will be able to save on having to purchase everything all over again.

Look for Savings Online

Use the power of the Internet to your advantage as you search for special offers and discounts on everything that you could possibly need for your baby. There are a lot of online baby stores that you can shop from, and you may be able to save by doing that than by going to local retail stores, especially if you can get free shipping. Plus, you can also find coupons online that can be used anywhere. Shop smart, sign up for mailing lists to access discounts, and use sites that allow you to get cash back on every online purchase.

By following the tips and strategies above, you can excitedly prepare for the birth of your new baby, even if you are on a limited income, because you will not need to focus as much on your finances. Instead, you can put all of your attention on your new bundle of joy.

Budget Tips on Getting an Elegant Prom Dress For Your Daughter

prom dress blog

Most of us have been taught to believe that just because something is more expensive, it is better. With fashion, that belief is definitely wrong. There’s an abundant amount of clothes out there that look good and are affordable the same way that there are ridiculously expensive clothes that look like garbage.

Because you’re savvy and you know better than to fall for the idea that expensive brands are better, you’re going to look for an elegant prom dress for your daughter that’s so affordable it’ll make Suze Orman proud. Before you begin to shop with your daughter for elegant prom dresses in Chicago available at PDS, have a read at these tips first.

 

Cut down on other areas first

Prom night is expensive. And we’re not only talking about the cost of the dress. There are other things to like accessories, shoes, hair and makeup, the corsage, the limo rental. All these expenses can add up causing you to spend more than what you’d hope for.

To get the best budget for her prom dress, you need to consider cutting corners on these other areas first. Shoes are only going to be worn after a few hours right after her feet start to hurt and she’ll just want to dance barefoot. Accessories can be taken from you or her existing jewelry collection. As for hair and makeup, you can do it yourself or have a friend who’s really good at it do it for her.

You can get as creative as you want. Once you’re done budgeting these other expenses, you should have an estimate of how much you can spend on her prom dress.

 

Check the discount section

Forget what they told you about the discount section. If anything, it’s where you can find the most valuable finds at a cheap price. Most of these prom dresses are stocks from the last season so you still get a fashionable dress for your daughter for a fraction of the price. Take advantage of the discount section most boutiques have and you and your daughter might just hit a jackpot!

 

Don’t limit yourselvesto prom dress shops

Prom dresses are not limited to prom dress shops alone. You can find equally beautiful prom dresses at online prom dress stores. By checking online shops, you can easily compare prices and have plenty of options. Go for the full-length dresses or the short formal dresses. Many online dress stores have an abundant amount of choices for these types of dresses.

 

Get out of the comfort zone

Don’t limit your daughter to just one style. Check out the Prom Dress shop and like them on Facebook. The boutique carries a wide selection of styles that your daughter can experiment with.

Who knows, your daughter might just find herself liking a style that is not only good looking but also cheaper than the preferred type. Take your time exploring different types. Now even though budget has to be kept in mind during the shopping process, you don’t want to go too far off either. Just because a dress is cheap, it doesn’t mean she’ll feel happy with the style or feel comfortable in the fabric. It’s always best to maintain a balance between comfort, style, and budget. Don’t compromise on those three.

Now that you know how to shop for an elegant dress for your daughter on a budget, you should get an idea on how to find an equally beautiful piece of clothing for a cheaper price in the future shopping trips. It’s all about strategy, persistence, and time.

Not only will you and your daughter have fun during the shopping process, but you’ll have saved a lot of money that could otherwise be spent on better investments. Who said looking good has to be expensive? Certainly not us!

Did you have any tips to add? Let us know in the comments.

 

How Joining the Crowd Will Earn Me Money

Out with the old, in with the new. For lack of a more compelling mantra to start my new year with, I’m afraid I’m going to have to stick with that for now. The past year has been riddled with a gamut of events- both forgettable and unforgettable. Naturally, I choose to keep memories of those that matter.

But I have to admit that even the unworthwhile things that happened have served their purpose. They have taught me valuable lessons which I expect to strengthen my soul as I venture into new endeavors.

One of those new things I would like to try is taking online surveys. I have always been wary of invites to do it, but after doing a bit of research, I now feel more confident about trying it out. Crowdology is an example of a legitimate site which pays its members for doing online surveys. It seeks to gather feedback from consumers on certain products and services.

Not everything online is a scam. I am definitely going to try my hand at doing online surveys. It’s another way for me to earn extra money without having to rob a bank.  What a great way to ring in the new year…

8 Smart Ways to Save Money On Transportation

auto-financingAs one of my favorite comedians, Mitch Hedberg, once put it, “Transportation’s a good way to get around.” But how much is your commute costing you? Could we save money by tweaking the way we travel?

 If you’re like me, and 85% of Americans according to U.S. Department of State, your car is your main method of getting where you need to go. However, the cost of car ownership starts around $6000 a year even for a small car.

Let’s take a look at eight ways we can save on transportation.

1. Utilize travel apps

Smartphone technology has place a wealth of information at our fingertips. Apps, such as Gas Buddy, allow drivers to find gas stations with the lowest gas prices. This information is updated in real-time by app users.

2. Carpool

With the rise Green Movement, many environmentally conscious businesses are helping connect employees who want to carpool to work. In addition to reducing your carbon footprint, you can save $500-$700 each year by splitting the cost of gas. There are even brand new apps that help you carpool, sort of like Uber for ridesharing.

3. Shop around and compare insurance costs

Car insurance costs can vary greatly, so it pays to do your homework. Most major auto insurance companies allow you to get a quote online by answering a few simple questions. There are also sites that allow you to compare quotes side by side.

You can also get discounts for meeting certain criteria, such as taking a defensive driving course.

4. Walk or bike

commuter-biking

Pad your wallet and slim your waist by walking or biking to nearby destinations. Most of us drive to places within easy walking distance simply because we’re in the habit of taking the car. Since shorts trips cause the most wear and tear to your engine, you’ll save money on maintenance costs. Besides, getting outdoors is a great stress reliever.

5. Take advantage of public transportation

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OLYMPUS DIGITAL CAMERA

If you live in a city, chances are you have access to some form of public transit. By taking the bus or the train, you save on gas, maintenance, and parking fees. Plus, the bus is a great place to read a book, check your emails, or just relax before you go into work.

6. Maintain and clean your car regularly

Regular maintenance is crucial to keep your car running smoothly. Changing your oil on schedule will not only increase your gas mileage, but it can also prevent costly damage from wear and tear on down the road. Ensuring your tires have the proper pressure and are rotated regularly will maximize their lifespan.

7. Limit your financing

Attracted by low monthly payments, many consumers are opting to finance their cars using long-term loans with an average term of 67 months according to CNBC. Obviously, the longer the term, the more interest you will pay. And since the cars depreciate in value over time, it is never a good idea to pay more than your vehicle is worth. If you are in a position to pay cash for your vehicle, do it. Otherwise, take out the shortest term loan you can reasonably afford.

8. Join a car share

If you don’t use your car every day, car shares like Zipcar are a great money saving option. Like using public transportation, you will save on maintenance fees and daily expenses.

Conclusion

There are many ways to save on transportation – so don’t get overwhelmed. I recommend starting with one or two of the ideas presented here as a start. Then, you can try to add another to the mix.

Do you have any other tips on transportation? Let me know in the comments below.

Here is the bio: Nina blogs about all things dogs at dogsbynina.com

Small Hacks That Help You Add More to Your Child’s College Fund

Saving for the kids’ college fund is something that most parents feel they should be doing, but for various reasons — be it a pile of debt including their own student loans or an income that doesn’t stretch far enough to meet all of their savings goals — many aren’t making the progress they desire.

According to a recent survey conducted by Credit Sesame, 78 percent have contributed to their kids’ college fund, while 40 percent still feel that they’ll have to work longer than planned in order to pay off their kids’ student loans.

What if it were possible to painlessly stash away some extra cash each and every month, adding up to a nice chunk of change when the kids graduate from high school?

Use a rewards credit card to pay bills

Savvy spenders like to put every single purchase on their rewards credit cards in order to accumulate points. The key here is to do the same but rather than cashing out the points for a gift card to Starbucks or Sephora, get it in the form of a deposit to your bank or PayPal account.

Data from Credit Sesame’s six million users show that the average monthly credit card debt is $4,701. Let’s assume that these people are using a 1 percent cash back rewards credit card. That means they can earn around $47 each month, or roughly $564 a year.

Link store cards to Upromise to get money back

If you are looking to open a credit card specifically designed to link your store rewards card to a credit card, check out Upromise. You can get back a small amount of cash back each time you shop at a participating store.

Additional cash rewards can be earned at restaurants, travel websites, shopping online or with their branded credit card.

Though you won’t get rich from this, you might get a few dollars a month, it’s an easy way to double-dip on rewards and save a tiny bit more each time you make a purchase. Earnings can be sent to you in a check or direct deposited into your child’s 529 account.

Start all online shopping through a cash back ‘portal’

Online shopping portals, or websites, like Ebates and Shop At Home will give you a small percentage of your purchase back when you initiate a purchase through their referral link. Each retailer has a different amount of cash back, but it’s not unreasonable to get back 2-8 percent on purchases, each year this could add up to nearly $100 or more.

Let’s be conservative and say you buy $500 worth of clothing and toys, throughout the year, from Target and Old Navy’s websites, at 2 percent back, that’s $10. Add in birthday and holiday gifts to the tune of $800, assuming 5 percent cash back, and you’ve got another $40. That’s an extra $50 for just a few extra minutes and clicks.

Use Swagbucks and MyPoints to earn rewards that can be converted into cash and directed to your kids’ college fund

Rather than using Google as your search engine, you can switch to the ones offered by Swagbucks or MyPoints and earn extra bucks or points that you can then convert into PayPal cash.

You can download a toolbar to automatically use it as your search engine, and with MyPoints you can get additional points by printing coupons and reading emails.

Swagbucks rewards you for watching videos and taking surveys, plus you can start your online shopping through one of these sites and earn extra points. Spend a few minutes each day on these sites and you could end the year $300 richer.

You won’t max out your kids’ college funds with these methods, but why would you pass up free money? The above examples add up to an extra $700 a year. Invest this in your child’s college fund each year, from age 5-18, with a 6 percent rate of return, that’s roughly $9,310 when they graduate from high school.

It may only pay for part of a semester, but that’s certainly nothing to sneeze at for being purely free money and interest!

Post written by Jessica, a financial editor working on the Credit Sesame research team. We research interesting topics in the financial industry, specifically those concerning personal finance and how they relate to your everyday life.

Top Credit Score Killers and How to Resolve Them

A person’s credit score can say a lot about his financial standing. This numerical expression is analyzed based on the person’s expenditures using a credit card, His credit history also affects his level of creditworthiness for a loan, mortgage or in applying for another credit card.

For anyone looking to purchase a property on the Philippines real estate market, maintaining a good credit score is vital. Being accepted for a mortgage is reliant on your credit history, so it’s important knowing the top credit score killers to look out for and the best ways to resolve them in order to keep your finances in good shape.

 

Credit Killers

 

High Credit Card Balances

 

If you pay your bills on time, then you must think that your credit history must be fine. Wrong. If your balance is always maxed out, your credit score could be hanging in the balance. You should probably aim to only spend around a quarter of the available credit on your card and if your balance starts to creep up, it might be time to switch to a card with a higher limit.

 

Making Late Payments

 

If you miss your payment date, your credit score is going to be adversely affected. Make sure that any loans and credit cards are always kept up to date. It is also wise to take care of your utility bills before they are referred to a debt collection agency.

 

Making Lots Of Credit Applications

 

If you suddenly apply for a lot of credit cards at the same time, your credit score is going to take a nose dive. You can, however, apply for multiple loans at once, so that is worth noting if you need credit, but don’t want to affect your rating.

 

Closing Your Cards

 

Keep old credit card accounts open even if you no longer use them. Each card that you have, regardless of usage, increases your credit utilization rate and helps to keep your credit score up.

 

Score Boosters

 

Pay Your Bills

 

It’s obvious, but if you keep up your regular repayment schedule, your credit history will keep on an even keel.

 

Check Credit Reports Regularly

 

Many people fail to ever check their credit report, but it makes sense to do so regularly. You can request a free copy which you can then peruse for errors that may be holding down your credit rating.

 

Don’t Max Out Your Balance

 

Just because your credit limit is high doesn’t mean that your balance should be high, too. Avoid maxing out your cards and if you can, try to stick to 30% of your total limit.

 

Get More Credit

 

It sounds counterproductive, but it makes sense. Having good credit breeds a good credit rating. Debt actually improves your credit score as long as you pay it off on time. Take out a card, spend a little and pay it straight off. But don’t take out several at once or alarm bells will start ringing and it could have the opposite effect.

 

Co-Parenting and Finances

It’s hard enough trying to raise a child between two households. When you bring finances into the picture, things can really get messy. And while there are tax breaks available for any parent who is supporting a child, that doesn’t mean it’s easy to figure out who is going to get which tax breaks.

 

If you’ve had an amicable separation, you may have a bit of an easier time with trying to figure out who will file in which way. Otherwise, you may want to hire a professional to help you make sure that you divvy things up in the best way possible.

Your Rights

When you are raising a child separately, generally the right to claim tax benefits for a dependent child goes to the “custodial” parent: the parent who is covering the better part of the cost of supporting the child. However, the custodial parent can opt to waive their right to claim many of those benefits so that the other parent can claim them, should you both determine that this is the option that makes more financial sense.

 

The specific credits and breaks that are available include:

  • A return based on the number of dependent children living in the household.
  • The Child and Dependent care tax credit. This tax credit allows you to claim a substantial credit for a child dependent under the age of 12.
  • An increase on the amount you can claim for the earned income tax credit, if you qualify.
  • A refund on the cost of paying for medical insurance for your dependent child.
  • A refund on the cost of childcare and other supportive services.
  • You can also save money by investing in an education or savings fund for your child. Many times, this money can be considered tax-free. This might include a deduction based on the cost of tuition and other fees (always save receipts for textbooks!) as well as credits through the Hope credit, the American Opportunity credit, and the Lifetime Learning credit.

 

If you are the custodial parent, then you have the right to waive these credits so that the other parent can benefit from them. This might be the right choice to make if the other parent is struggling financially, or struggling with the cost of childcare and support payments. It may also provide some aid if they are trying to find out how to relieve tax debt as it can decrease the amount that they owe the federal government in this year’s taxes.

 

Alternatively, if that parent makes more, it may lead to a larger amount of money that you, as a parenting unit, are able to save. As some of these credits are based on percentages, you stand to save more money if the parent who earns more can take these credits.

 

However, if you do waive the right to these taxes, that determination will only be good for one year. That is, this is not an ongoing waiving. You have to waive these rights every time you want the other parent to be able to claim any of these breaks or credits.

 

In addition, the fact of waiving the right to these claims doesn’t exempt you from continuing to file as head of household, which can give you some refunded amount.

Making the Right Decisions

It can be tough, without professional training, to know how it makes the most sense to file your taxes respectively when two parents are filing separately. It’s always a good idea to consult a professional in any situation where you are in doubt about which choice is right. However, here are a few things you might consider to get you started:

  • Who between the two of you makes more? How many of these credits and refunds are based on percentages and how much are whole amounts?
  • Who takes primary responsibility of the child or children?
  • Are either of you currently supporting any children from other relationships? Do either of you support those children entirely?
  • Are either of you struggling with any of your expenses including the costs of child support?
  • How much are each of you currently contributing towards saving like a college education fund?
  • Will you be able to settle in an amicable way on the decision of who should claim the credits and refunds?

Once you have a clear picture of all of these details in your head, it’s time to consult a professional to make sure you are saving the most possible at tax time.

How to Teach Your Kids the Value of Money

Money doesn’t grow on trees.  That’s one fact which even most adults find hard to grasp.  Left and right, you’ll find people haphazardly spending their money as if they’ve just won the lottery.  They buy gadgets like there’s no tomorrow, and drown themselves in tall lattes from the nearest posh coffee shop.  If we were more cautious about our expenses the way we pay careful attention to the flyaways on our hair, then maybe we wouldn’t be so swamped in financial problems.

Before our kids grow up and get sucked in by all the consumerism, it’s good to start them early with good spending habits.   Here are some ways to teach them the value of money:

Grocery Game.  Before you head out for the supermarket with the kids, give them each a list of things to buy, and a calculator.  Ask them to find the lowest possible price for the items on the list, and the one who ends up with the cheapest total, wins.

It’s expensive.  When your kid asks you to buy him that cute Furby toy, tell him you won’t buy it because it’s expensive.  Give him a reasonable figure range for a particular toy, say $10-$20, and explain than anything beyond that is considered expensive.  Don’t say, “We can’t afford it“, because that tells your kid that if you could afford it, you would buy it.  You should make it clear to him that the reason you won’t buy it is because of its unreasonably high price, and not because you don’t have the money for it.  Just because you have money, doesn’t mean you should spend it.  It’s teaching him to make smart choices when it comes to buying stuff.

Piggy Power.  It’s time to bring out that dusty piggy bank and teach your kids to save.  Show them how dropping a dime into the coin bank each day goes a long way.  You can ask them what they want for Christmas, for instance, and encourage them to drop some money in the bank to save up for it.

It’s never too early to make your kids realize the significance of money.  More than learning about fractions and subject-verb agreement, it’s essential that they also learn how money has to be earned and saved.   The money lessons they learn now will serve them well into their adult years- and hopefully keep them from being buried in debt!