5 Tax Savings for Parents

5 Tax Savings for Parents

The deadline to file your tax return is coming up fast, but that doesn’t mean you can’t make sure you’re getting all the tax benefits you deserve. For busy parents who are crunched for time, I’ve compiled a list of tax credits and exemptions that can help as you prepare your taxes. Full story

Can I Claim My Parents as Dependents?

Can I Claim My Parents as Dependents?

It is increasingly common for adult children to take care of their elderly parents. When such support begins to become both financial and significant, many wonder whether a tax break might be available to help offset some of the expenses. Here are some of the key considerations to determine if you can claim your parent as a dependent. Full story

Summer Day Camp May Give You Peace of Mind and Save You Money

Summer Day Camp May Give You Peace of Mind and Save You Money

It was the answer my parents had to the age old question: What do I do with my kids? If you have kids, this might be something you’re struggling with. This is especially important if you are a parent that works or you are deciding whether to enter the work world in the summer. One way that you can improve your peace of mind — and possibly even save money — is by sending your child to a day camp. Full story

5 Ways to Get Your Kids to Be Super Savers

5 Ways to Get Your Kids to Be Super Savers

Becoming parents has changed our lives for the better, financially and otherwise. Even though she’s tiny now, we’re imagining how she’ll grow in the years to come. For example, one of the goals we have is to have our little one be financially savvy with her money when it comes time for her to move out of our home. Here are some ways parents have successfully gotten their kids into saving their money.
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All Grown Up: The Cost of Raising a Child [Infographic]

All Grown Up: The Cost of Raising a Child [Infographic]

Parents who are lucky enough to bring a new bundle of joy into the world can expect to spend between $200,000 and $500,000 before their child even makes it to college. Whew! Don’t forget to take advantage of tax breaks for your children when you file your taxes. Our infographic breaks down the different expenses involved with raising a child and looks at the total costs from birth to age 17. Full story