Parents all know that paying for college is hard. It’s expensive, and it can be confusing to navigate the sea of federal loans, institutional aid, and other funding options. The best way to minimize this headache is to plan ahead and save. 529 plans are a great way to get started, offering simplicity, low cost, and tax benefits.
Children’s money habits are formed by age seven—the age when most parents are struggling to get their kid to eat broccoli, let alone understand the ins and outs of personal finance. While it's something that we all struggle to talk about, any parent, financial guru or not, has the capacity to teach kids about money, because there are only a handful of concepts that really matter.