It’s possible that your kids received money for Christmas—for some, maybe a lot of it. If you’re struggling with how much to let your children “spend,” consider doing this: Set up three small boxes in your child’s bedroom or buy a small three-drawered container. Label one drawer or box for saving, one for spending, and one for sharing. As children receive money, set up a system so that a certain percentage automatically goes into each section. Then, for example, a…
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How Long Do You Need to Keep All This Financial Paperwork?
Money Management
With tax season right around the corner, you’ll likely find yourself wondering how long you should keep some of your paperwork. Well, here’s a handy primer. When you no longer need any of the documents listed below make sure to dispose of them properly by shredding to keep personal information confidential—contact your credit union to ask when their next shred event is scheduled. 2 months to a year Credit Card receipts/ statements and pay check stubs are information that should…
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Goodbye Dorm: 10 Tips to Transition to Off-Campus Living
Money Management
When you go to college you’ll find freedom that you didn’t have before, such as living on your own. With that freedom, comes the need to balance studying, class, extracurricular activities, work, finances, housework, and more. Here’s how to make the transition to apartment living as smooth as possible: 1. Choose responsible roommates. Constant parties can make for a distracting and unhealthy living environment, along with the potential for property damage or expensive tickets. If you live with roommates, choose…
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Are ‘Early Upgrade Plans’ for Your Phone a Good Deal?
Money Management
Are ‘Early Upgrade Plans’ for Your Phone a Good Deal? The Pros and Cons Apple made waves recently when they unveiled the new iPhone X—the first iPhone to cost $1,000. If you want that new iPhone but your current iPhone is just fine, most cell phone carriers offer you the option of trading in your existing phone for the latest and greatest. Then you pay for the new phone on an installment plan—these plans are called “early upgrade plans.” In…
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