Tag: children

How to Motivate Your Child to Apply for Scholarships

There are many things for high schoolers to consider as they prepare to graduate, such as how to fund their education. Scholarships can be a significant funding source for your child’s college education. Many tools exist for identifying the sources that may be most relevant to your child’s situation. The real challenge in winning college scholarships, however, may not be in finding those opportunities or the competition for them, but in motivating students to apply for them.

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When an Adult Child Returns to the Nest

It’s one thing for parents to adjust and figure out how to survive the empty nest syndrome that comes with a child going to college or pursuing options after high school.  But, it’s also been observed that humans are the only species whose offspring returns to their parents. This return home is fraught with difficulties and concerns on the part of both parents and adult children.

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Should Your Child Have a Credit Card?

Sixty percent of parents in a recent survey said they have allowed their under-18 children to use their credit card to make online purchases, with nearly 50% regretting it. Nearly half (46%) of parents say their child used their credit card at least once without permission, up from 29% in 2018.

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The Great Allowance Debate

The question of whether to give children an allowance has vexed parents since the turn of the 20th century. It’s an issue faced by each new generation of parents without any clear, universal answer, yet is an important consideration in financial literacy … even for celebrities and children of wealth.

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