Posted in Kids

Smart Ways to Save for Your Child’s Education

rachel

If you’re a parent, the start of a new school year may have you considering how much you’re able to set aside for your child’s college fund. Average annual tuition in the U.S. is $38,185 for private college and $10,338 for public college.[1]1 And those numbers may rise by 2%–3% in the coming school year.[2]2 So, the sooner you start saving to support your child’s future, the better. Fortunately, investment accounts, such as 529 plans and Coverdell education savings accounts,…
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Kids and Activities – The Pressure to Spend Money

Prosperwell Financial

Who are the Jones’? Why do we have this need, desire and pressure to keep up with them? Having school age children in sports I have become mystified. I have always been aware of the budgets of clients and how they overspend to meet their kid’s desires but now it has become real. According to TIME, kid’s sports is a $15.3 billion industry that has nearly doubled in the last 10 years. Between league fees, camps, equipment, training and travel,…
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15 Ways Your Child Can Make Money

Prosperwell Financial

Teaching our kids about money is one of the most valuable lessons we can teach them. Many times we will learn something in the process as well. We live in a society where our kids feel the need to have the newest clothes, gadgets, toys and technology. It has gotten out of control. The best way to teach your kids the value of money is to teach them to save their money for the things they want. But the real…
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And Baby Makes Three

Prosperwell Financial

So you’re going to have or adopt a baby. Congratulations! Parenthood may be one of the most rewarding experiences you’ll ever have. As you prepare for life with your baby, here are a few things you should think about. Reassess your budget You’ll have to buy a lot of things before (or soon after) your baby arrives. Buying a new crib, stroller, car seat, and other items you’ll need could cost you well over $1,000. But if you do your…
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