Becoming parents has been the biggest joyful change in our lives. While she’s still young, there are plenty of things we are doing to teach her and help her with, including finances. As I mentioned before, you can start early with getting your children to be super savers.
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.
“What or Who is my Dependent?”, continues to be the most asked questions every tax season and with dependents helping you qualify for tax breaks we see why you’re asking. You may be wondering, “can I claim my mother, brother, girlfriend, cat?” Here is our motion graphic to help you.
There are few, if any, joys in life that can be compared to the birth of your child. Yet, in the middle of such happiness, someone always seems to tell you how expensive a child will be in the 18 years that you’ll be responsible for them.
Luckily, children can actually save you a pretty substantial amount of money – on your taxes. Here are some of the ways you can save.
Becoming parents for the first time last year has been the biggest change in our lives. One of the first decisions we made when confirming the big news was starting a baby fund for our little one and our family. If you want to create a baby fund you need to figure out how much you want to save up. Here are some baby related expenses to consider when calculating the amount that is right for you.
Whew! Summer is almost over and it’s back-to-school time for many. I can hear the cries of joy from so many parents. Not only is it challenging to think of ways to keep them busy, but the costs of activities can break the bank. Check out our infographic on how much Americans spend sending their kiddies off to Amusement Parks during the summer.
Teaching kids about money can be a rewarding experience, however it’s also full of plenty of questions. Take for example, kids and allowances. There are plenty of opinions about what works best for kids, but what will work best for your family? Find out more here.