Teaching Your Children How to Be Responsible With Money

Parents, listen up: You might not be teaching your children enough about money. Only 46 percent of kids said their parents are doing well at teaching them about money and finances, according to a 2015 T. Rowe Price survey. Many parents shy away from the topic because they think that they don’t know enough about finances themselves and don’t feel confident teaching their kids, said Stuart Ritter, a senior financial planner at T. Rowe...

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Future Cord-Cutters of America
Dec13

Future Cord-Cutters of America

San Diego — On weekdays in the Larsen household, Kirsten, 12, and Soren, 15, get up early and park themselves on the couch before school. But they do not turn on the TV. Instead, the youngsters each pull out their respective phones and fire up YouTube to get a dose of videos, essentially acquiring the information they need to know before encountering peers. Say hello to the future cord-cutters of America. Not only is cable becoming...

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Saving for Retirement As a Stay-At-Home Parent

Doing the math on becoming a stay-at-home parent often involves tallying up child care, dry cleaning and takeout expenses and weighing how much of that second paycheck is eaten up by those costs. Many couples conclude that the profit margin for a second income doesn’t justify the emotional cost. Retirement, often decades away for couples with young kids, isn’t much of a factor in the discussion. But it came into focus recently for...

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Cellphones for Children May Not Be a Wise Choice

My colleague Michelle Quinn got her son an iPhone when he entered middle school last year. My son wasn’t so lucky. Not only did he not get a smartphone when he entered middle school, but I don’t plan to get him even a simple cellphone anytime soon. Michelle’s story about what happened with her son’s use of his phone has served as a cautionary tale. That, plus some research I’ve done on my own, has influenced my thinking. My take-away...

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Parents Turn to  Uber, Others    To Ferry Kids
Aug23

Parents Turn to Uber, Others To Ferry Kids

Forget the big yellow bus or even mom’s taxi. This fall, more and more kids will be heading back to school via Uber and other ride-hailing options. From car pools to practices, a growing number of families are relying on the services to schlep kids to and from school, after-school activities and other destinations. Demand is strong enough that several startups have launched, backed by millions in venture capital, specifically to meet...

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