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Parents & Children

Parents and Children

For some parents, talking to a child about money is almost as hard as broaching some of those other difficult subjects. But understanding what money is and how to manage it is a crucial life skill parents must pass on to their children. It’s never too early to start giving your child a solid foundation for making a lifetime of financial decisions.

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Q & A: Filing the Federal Financial Aid Application

The federal government's Free Application for Federal Student Aid, the FAFSA, should be filed as soon after January 1 as possible in the year your child will be attending college. The reason is that some federal aid programs operate on a first-come, first-served basis, so filing the application early ensures your child has the best chance of receiving the most favorable aid package. Here are some common questions and answers regarding the application process.

Ask the Money Dr.

Doctor

My 6-year-old son has been doing a very good job of picking up his toys and keeping his room straightened. I'd like to reward him for good behavior, but is it too early... Read Answer