Welcome to Raising Money$mart Kids!

What do YOUR kids know about the value of a buck? If you're like most families, finances aren't often discussed. Some parents feel that talking about money makes their kids feel like they're poor. Others may not know where or when to start to help their kids learn about budgeting or business or banking.

Here at Raising Money$mart Kids, you will find articles on everything from setting up an allowance to running a lemonade stand to helping kids make better purchase decisions. You can ask questions get help from the community.

So, grab a cup of coffee and pull up a chair!

Monday, November 15, 2010

Retirement Planning for Women: Single and Thirty

When you are just hitting your stride in your career and not thinking about marriage and kids yet, planning for retirement can seem like a waste of time. But it's important to have your retirement plan in place as early as possible to give yourself the best chance of building lasting wealth. Here are some great retirement planning tips for those thirty and single:
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Single and 30: A Woman's Guide to Investing for Retirement

Saving for retirement is important for everyone, but no more so than for women. And, if you're single and in your 30s, it's a critical juncture in your life to ensure that you're on the right investment track.

Women need to plan for their retirement even more than men. Women still earn on average 75-80% of what men do. Women are also less likely to be in pensionable jobs and therefore have less corporate retirement support behind them. However, they also live longer. According to the National Center for Research, women retiring at age 65 are expected to live another 25 years. That's a lot of retirement to plan for.
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Piggy Banks to Paychecks

“It doesn’t matter how old your children are or how difficult your financial situation is. It doesn’t matter where you start to teach your kids about money. It doesn’t matter what kind of allowance system you choose to set up with your kids. It only matters that you get started- right now, with the tools you have to work with and the knowledge you already have.”Piggy Banks to Paychecks tackles the subject of money head-on in an easy-to-understand, friendly format. If you are a parent,grandparent, teacher, or otherwise involved in helping kids learn financial basics, this book is for you. In its pages, you’ll find straightforward answers on saving, wise spending, investing, and donating. You will find help in setting up an allowance plan for kids and various methods of tracking savingsand evaluating purchases. You will learn the language of money and be able to set your children on the path to fiscal responsibility – the greatest gift you can give them.