Millions of young workers in their first job — either on a company’s payroll or as a fledgling self-employed business tycoon — will have tax issues to consider this summer.
Kids can learn about spending, saving, researching prices online and even bartering. Deferred gratification? Collecting teaches that lesson too.
A survey released in late May by the College Savings Foundation found that the vast majority of high school students— nearly 93 percent — said they will or may work while in college. The majority also said they will try to balance pulling down a paycheck with hitting the books as full-time students, although many also said working will force them to attend school part time or study less.
Sparking a 13-year-old’s interest in investing often comes down to finding stocks that he or she can relate to. And this superhero has several investment angles.
The University of Dayton, beginning with this fall’s incoming class of freshmen, will offer merit-based scholarships and grants that will grow each year to match tuition increases dollar for dollar.
Bruce Palmer, who recently relocated to the Kansas City area after many years in Florida, believes his labor of love, Be Street Smart About Money, is an effective learning tool on using credit, balancing a checkbook, budgeting, protecting your identity and other personal finance basics. If he is successful, the benefits will be felt for generations to come.
Unless Congress acts, rates on new subsidized Stafford loans will rise from a fixed 3.4 percent to 6.8 percent. Stafford loans, which don’t require repayment until six months after leaving school, account for more than a third of federal student aid.
Young Americans Bank in Denver always seems to be doing something new and special for its young clientele. And this year the bank has ambitious expansion plans.
Mastering the new health care system will require our kids — at least to the extent that they are making their own coverage decisions — to educate themselves on a topic that’s not taught in a college campus lecture hall, although perhaps it should be.
The Consumer Financial Protection Bureau reached out earlier this year to individuals and education organizations for advice on reshaping the market for student loans coming from private lenders, such as banks and other financial institutions. The comment period ends April 8.
Teens and young adults today need to know much more about money than just how to spend it.
The lure of credit runs strong in our society, and a piece of plastic is a convenient, necessary survival tool. Thats why it behooves young consumers to understand all the tiny details of the credit card application. Reading the fine print can be a money saver.
It is the latest in a series of developments by the Obama administration to increase transparency and simplify information about higher education expenses.
A Sallie Mae survey of parents with children under age 18 noted that 50 percent were saving for college, down from 60 percent from when the survey was taken two years ago.
It takes discipline and basic money smarts to avoid the unanticipated stops, the store distractions and the “can’t resist” spending sprees.
The IRS Data Retrieval Tool is designed so that with a few clicks, you can automatically transfer information from your tax return to the financial aid application.
Rather than popping for movie tickets, dinner and gas for the car, encourage your 16-year-old to become more financially responsible for date nights.
It’s a good idea for young people with credit cards to develop the habit of monitoring their expenses and income.
The market for cable, high-speed Internet and telephone services might finally be turning ever so slightly in favor of consumers. In short, there may be more supply than demand.
Credit cards, interest rates, the magic of compounding: Learning to manage money can be complex and confusing for any teenager. Thats why the Federal Deposit Insurance Corp. has decided to help in a straightforward, simple way with a new money guide on its website aimed at teens, young adults and their parents.
Gift cards once again were among the most popular presents for teens and other young consumers this past holiday season. And that means that once again millions of dollars worth of gift cards will go unspent, like so many lumps of coal.
Unlike gift cards that come with far-off expiration dates and protections against fees, rebate cards dont offer the same terms. In fact, if you dont use the rebate card quickly, you might come to find a few months from now that fees have eaten away a good portion of its value.
Face it, talking to your kids about debits, credits and collateral is probably not going to boost their money IQ. You need a new plan, and Im here to help. Use these quotes as talking points the next time your 10-year-old throws a tantrum at the toy store or your teenager pooh-poohs the idea of finding a job for the summer.
Heres something that sounds like a perfect fit for family game night over the holiday season. Its called match play. Its not a board game. Its a program operated by about a dozen states, including Kansas and Missouri, that provides matching funds to low- and middle-income families saving for their childrens college educations.
Kids use their smartphones to find the nearest pizza joint, stay connected with friends on Facebook and keep up with their fantasy football team. So what about supporting a good cause during the holiday season? There are smartphone apps for that, too.