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If you wait too long to start, you will miss out on the compounding interest that can really make your money grow. CFP Tom Henske, managing partner at New-York based The Affluent…

Part of our job as advisors is educating clients on good financial strategies, including helping them determine and maintain a budget. But who’s educating their kids?

Debit cards also allow children to spend money on school trips domestically or internationally or while visiting relatives. “At younger ages, it’s important to use actual cash to help children become comfortable…

“Every child’s very first teacher is their parent,” said Yanely Espinal, director of educational outreach at Next Gen Personal Finance, a nonprofit personal finance organization. “This means early money lessons in the…

Smith had a similar experience with lacrosse. “I agree with her 110 percent,” he said. “It really is like you have a built-in buffer a little bit. You don’t have to join…

A recent Credit Karma survey found that a third of shoppers who used BNPL fell behind on their payments, resulting in a lower credit score for nearly three-quarters of them. “If you…

It’s almost time to ring in the new year. Before you do, there are some smart money moves you can still make that can set you up for success in 2022 —…

“People start to put their whole life in perspective in December,” said Tom Henske, a certified financial planner in New York. “Your head is already there with everyone else, so why wouldn’t…

LimitationsYou can’t actually contribute more than $6,000 a year to a Roth IRA, or $7,000 annually if you’re 50 or older, whether it’s a direct investment or a conversion. That may be…