This piece is part of "The Price of Modern Parenting." Read more about the gig economy , the cost of adoption and out-of-pocket expenses for preterm births.
Everyone knows that being a parent is expensive, but knowing how best to save money and talk about it with your children can be a little less straightforward. To help clear the confusion, we broke down five common myths about parenting and finances.
Talking about money with anyone — let alone your own children — can feel tense and awkward. And what if certain concepts are too complex for your kid to understand? Parents tend to have money conversations in private because they "don't really know how to talk about it," said Kristy L. Archuleta, an associate professor of financial planning, housing and consumer economics at the University of Georgia. But according to Dr. Archuleta, hiding money talk from your children may be misguided.
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Money in Your Pocket Minute: Tuesday 2/18/20 | WSYR
Less Logging Means Less Money for Schools in the Northwest | The Pew Charitable Trusts
LOWER CHEHALIS STATE FOREST, Wash. — Just south of Washington’s State Capitol in Olympia, more than 20,000 acres of noble and Douglas fir trees blanket tall hillsides and valleys cut through by meandering streams. The sprawling, unmarked forest is indistinguishable from much of the Evergreen State’s rugged terrain.
This natural area, though, serves a very specific purpose. For the state, the land is essentially a bank account collecting interest, hundreds of millions of board-feet of timber, growing until it’s ready for harvest. The money collected when all that timber is sold — on a staggered basis, as different stands mature — will pay for school construction throughout the state.
3 hard lessons I learned after letting a bank manage my money - MarketWatch
Looking for investment advice in midlife can be tricky, so many of us turn to experts for help. But sometimes, those "experts" can be more harmful than helpful. Sadly, I speak from experience.
I thought smooth-talking salesmen would never scam me. After all, I'm a savvy New Yorker with a successful communications business. But I got taken in by a so-called financial adviser at my bank, a large institution where I'd been a customer for decades.
Since I'd kept money there for so long, my guard was down when a representative suggested I talk to a "Relationship Manager" and arrange to work with one of the bank's financial advisers.
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Peter Schiff 'Concedes' Bitcoin Profitable, But Won't Succeed as Money
Bitcoin ( BTC ) skeptic Peter Schiff has admitted that holding the cryptocurrency is profitable — but claims it will “never” compete with fiat currency.
In a tweet on Feb. 18, Schiff, well known as a fierce Bitcoin critic and longtime gold bug, “conceded” that the cryptocurrency in the past ten years had been a successful investment.
“I concede that anyone who bought #Bitcoin 10 years ago and sells it today will make a lot of money,” he wrote.
Education Department uses money allocated for teachers to pay for voucher vendor | WZTV
Tax-filing tips that may save you money
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