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For parents of school-age kids, summer doesn’t just mean warmer days and fun in the sun. It also brings quandary and expense, planning for camps, play dates, vacations, pool membership, and more. Given that the average national cost of raising a child from birth to age 17 is a staggering $233,610[1], it’s important to plan… Read more »

The teenage years are filled with new life experiences. Fostering healthy self-esteem in your teen empowers them to face these new experiences with confidence and resilience. It also helps them to establish responsible patterns of behavior and decision-making that will support their personal wellbeing, professional careers, relationships, and more. Your parenting decisions, including those related… Read more »

The onset of summer hopefully brings with it travel opportunities, fun outdoor activities, and also summer jobs and internships for millions of teens and college students. As family-focused financial advisors, SageVest Wealth Management advocates part-time work, summer jobs, and internships for a multitude of reasons. Here’s why, plus some tips on how to land the… Read more »

You can’t expect your kids to develop sensible saving and spending habits without having money to learn with. That’s why giving your kids an allowance is an important part of their financial education. At its core, giving your kids an allowance teaches them how to accumulate money and how to use it wisely. It’s the… Read more »

Recent studies show that only 24% of Millennials demonstrate basic financial literacy skills[1]. If your financial and personal aspirations for your kids aim higher than this, it’s time to begin focusing on financial literacy and teaching your kids about money. There’s a lot to learn before entering the real world, including spending, savings, banking, earning,… Read more »

If your teen’s heading off to college soon, there’s a lot to plan for. This includes how to prepare them for financial independence. Hopefully you’ve been diligent in educating your child about money, and your teen’s ready to manage a budget, bank account, and personal spending without your daily supervision. Even so, it’s wise to… Read more »

“The more that you read, the more things you will know. The more that you learn, the more places you’ll go”. Dr. Seuss may not have had financial literacy in mind when he wrote this, but learning about money is an important aspect of your child’s education. When it comes to finances, the more your… Read more »

A significant aspect of teaching your kids about money is considering your own role in their financial learning experience. While many factors combine to shape your child’s outlook on money and overall financial literacy, one of the most influential aspects is watching how you and other significant adults deal with financial matters. Establishing a pattern… Read more »

Being a parent is one of the most rewarding and challenging experiences of a lifetime. The most basic things you need to be able to offer your children include unconditional love, attention, and limitless opportunities to learn and grow. Beyond these, from a financial perspective, there are plenty of other requirements to plan for in… Read more »

Funding a college savings plan is one of the best ways to invest in your student’s academic success. Yet even if you’ve saved diligently, rising educational costs mean that your student may still need additional funding options to complete their studies. These might include student loans, grants or scholarships. Receiving a scholarship is a useful… Read more »