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Start Them Young to Learn How to Save
By teaching kids how to save for their goals, they'll have one of the most difficult aspects of saving under their belt by the time they're teens—being a consistent saver. Here are just a few clues to help teach kids of different ages about being a savings sleuth: * Have young children—preschool age—sort different types of money into piles by color and size. * At the grocery store, let kids of all ages help you shop. Teach them how to comparison shop—for example, show them that for every $4.85 box of cereal, there may be similar brands on sale for half as much. * As kids get older, let them know what things cost. Share sales receipts and bills that you receive for items or services you've purchased for them. * If you decide to pay your kids an allowance, include them in the decision. Discuss allowance amounts and what...
Are you thinking of remodeling your kitchen, or do you need help with tuition expenses?
Are you thinking of remodeling your kitchen, or do you need help with tuition expenses? Home equity loans offer a low-cost option that’s quick and easy to obtain. There are two types of home equity loans—a regular home equity loan and a home equity line of credit, or HELOC. With a regular home equity loan you get a lump sum of money and, depending on the loan terms, you pay a predetermined amount back each month for the life of the loan. This option makes sense if you have a large expense up front, such as business start-up expenses. A HELOC differs from a conventional home equity loan in that you don’t receive the entire sum up front but will draw against a “line of credit” to borrow sums that total no more than the credit limit, similar to a credit card. You can use our online banking...