Throughout April, as part of Financial Education Month, I have been writing about ways families can improve their financial literacy and savings skills. What we haven't talked about yet is how to discuss all this with our kids.
Nearly seven in 10 parents report that they are reluctant to talk about money with their children. And as a dad, I get it. It can be awkward to discuss about how much or how little you have with kids who might not understand the intricacies of a family budget — or the value of a dollar. But it's important to do nonetheless.
How to spend child tax credit money when it comes - CNET
These payments can be an opportunity to get your financial house in order. To help you consider the different ways you can use these payments, we spoke with financial experts for their recommendations on ways to use this money, from meeting urgent needs and paying down debt to building up an emergency fund.
Cover your family's urgent needs first: Budget for groceries, housing, utilities and essential supplies such as medicine. You could use some of the money on a necessary car repair or a medical or dental procedure you've been putting off.
Billionaire Ray Dalio: Understand money regardless of your net worth
First you need food and shelter, then you need to learn about money, according to billionaire Ray Dalio, founder of one of the world's largest hedge funds, Bridgewater Associates.
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CHECK OUT: Why January is a particularly great time to invest your money via Grow with Acorns+CNBC .
How Wealthfront's 'Self-Driving Money' Feature Makes Saving Easier
Sure, most of us are familiar with the personal finance advice to pay yourself first. And who wouldn't want a high-yield savings account holding a three-to-six month emergency fund ? We all know how important these money milestones are when you're working toward financial security.
But the reality is saving can be a real challenge for anyone regardless of how much money they make. Unexpected needs always seem to arise, like a car repair or a doctor's bill, not to mention everyday expenses that can add up quick month over month. And once our needs are met, then come all the wants, making it hard to prioritize saving even when you want to.
Microsoft will match Epic and share more money with video game makers
Microsoft said Thursday that on Aug. 1 it will raise the percentage of revenue that developers receive from sales of video games through its app store from 70% to 88%.
Microsoft wants to ensure video game developers don't abandon the store that comes with the Windows 10 operating system, as video game content represents a growing source of revenue that Microsoft would prefer to keep healthy, attracting both developers and end users to keep its own store thriving.
Vivid Money raises $73 million to build a European financial super app
When you create an account, you get a German IBAN that starts with DE, as well as a metal card. There are no card details on the card itself — everything is available in the app instead. Like other fintech startups, Vivid Money lets you control your card from the app — you can lock it and unlock it, add it to Google Pay and Apple Pay, etc.
After that, you can top up your account and hold dozens of different currencies. When you pay with your card abroad, the startup applies a small mark-up on the current exchange rate — you should get a better exchange rate than what you usually get with a regular bank.
Al Putre, the MTA's Man in the Money Room
'I got a couple of billion dollars rolling around through here," Al Putre says, gesturing downward toward the floors below. We are sitting in the conference room next to his office, which is on one of the upper levels of a blocky, nearly unmarked building in southwest Queens. (He has asked me not to reveal where it is more precisely — "Call it a secret location. They like that" — although you can probably figure it out with Google.
Putre talks fast — and I mean fast — in a Queens accent that is on the endangered-species list, and has a high-and-tight graying haircut that would not be out of place in a precinct house. He's been with the MTA for 34 years, and in charge of the division of revenue — the money rooms and their associated operations — since 1999. On the day we meet, he's a couple of days from retirement.
You can still tap free money for college — here's how
Now, with families under increased financial strain and a higher education more expensive than ever, some parents of college-bound students have reached a breaking point.
More from Invest in You:
Here's what college graduates face and what they can do about it
4 tips for college students to build a secure financial future
Quick tips to help college students start saving money
Chon attends Howard High, a Title I school, which means there is a high percentage of low-income students. In fact, at Howard, 99% are considered economically disadvantaged like herself.
What to do with extra money
Despite the massive economic toll the coronavirus pandemic has wreaked on many people, others may have added some unexpected cash to their bank accounts. According to a Pew Research Center study, about 42 percent of Americans say they've been spending less money since the start of the pandemic. Decreased spending, tax refunds, relief checks and unused vacation funds may have given you a surplus of cash — and a pending decision about what to do with it.
If you've accrued some extra cash because of the pandemic or another reason, here are six ways to use it to help take your finances to the next level.
Family donates reward money to local animal shelters | News | myeasternshoremd.com
Mike and Ashley Hartford of Vienna began the search for answers after the bodies of their family's dogs, Costa and Creed, were found the morning of April 16 on U.S. Route 50 east near Vienna.
At first there were possible indications that foul play could have been involved, and that the dogs had possibly been shot, but an autopsy performed by a veterinarian showed could not confirm any gunshot wounds.
"The donations will be going towards items the facilities need to keep running," said Ashely Hartford in a post of social media. "We will also be paying for the adoption fees for some of the doggies in the facilities listed above."
Happening on Twitter
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Bipartisan group of senators urge Biden administration to impose sanctions on military-controlled Myanmar Oil & Gas… https://t.co/GE5kDyZA7H JusticeMyanmar Wed Apr 28 10:40:00 +0000 2021
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