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Posts Tagged ‘Finance’

Doing the Math

Tuesday, January 27th, 2015

CalculatorEver wondered how to start figuring out what you can afford for a house, car, or other larger purchase? Or how much to set aside to start saving for something? Or how long it will take to pay off a loan or credit card?

Often there are many different options and solutions to each of these questions. Depending on your payment schedule, how much you can put down to start, paying on interest versus principal, etc. can all have a different effect on your answer. There is also often insurance protection you can opt in for that isn’t figured in yet as well. You’ll want to meet with us to really look at all of these factors but before you come, if you’d like to get a general idea, we have some helpful calculators right on our website. Check these out to get started and get a rough idea of where to begin. When you’re ready we’ll help you find the right solution for you to save, or pay down that debt.

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5 Tips for Teaching Your Children About Money

Wednesday, September 11th, 2013

We all want our children to grow up making smart financial decisions, so here are a few easy tips to get your children started early learning skills they’ll use for a lifetime.

  1. Start them early, as soon as they can count. Use money to practice counting (and eventually multiplying or using percentages). Have regular discussions about money—saving, spending and investing. Set goals, then set a great example!
  2. Take them to the credit union to open their own account. It’s a great opportunity to explain how savings works. Don’t forget to take them to withdraw money every so often to purchase something they really want. Show them how they have less afterward, and how spending decisions work: spending for one thing means you won’t have money (or as much) to spend on something else.
  3. When they’re old enough, give them an allowance, along with rules for saving some portion every week, and why charitable giving is important, too.
  4. Use shopping as a way to teach them how to spend money wisely (grocery shopping is great). Show them that finding discounts, using coupons, and comparing products and prices can save money.
  5. As they get older, have them work to make their own money (babysitting, paper route, etc.). There’s no better way to learn the value of money than seeing how much work it takes to get it.

There are also many websites with online games and tools to help kids and teens learn about finances online. Good luck raising your financial genius!








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