Kids and Money Advice From Around the Web
A weekly look at personal finance tips and insights others are offering.
Recently J. Money at the Budgets Are Sexy blog wrote about the costs associated with having his first child. One big expense he highlighted was child care. The hefty price tag had him debating whether to arrange his work schedule so that he could watch his son during the day and avoid paying for daycare.
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With three kids of my own, I'm well aware of the high cost of child care. I breathed a sigh of relief once both of my daughters were in public school and I no longer had to pay for care. But now that I have an infant son, child care is an issue again. In some places, the average cost of care is actually higher than the average cost of college tution. Chris Couch at Bargaineering cites a study by Child Care Aware America in his post 5 States Where Childcare Costs More Than College. Included in his post are some good tips on ways to keep the cost of child care under control. Check them out if you have children. And read on for more advice related to kids and money.
The Best and Worst Baby Buys: 12 Months Later [Mint.com] "While friends shared their truly 'essential' baby items, I smiled politely and inwardly scoffed. Ha! There’s no way I’ll buy all that stuff. Fast forward a year and guess what my house is filled with? Stuff. Lots and lots of baby stuff."
Frugal Ways to Help Your Child Get the Best Education [Wise Bread] "There are some wonderful resources that can help you develop a challenging and effective curriculum for your child without breaking the bank."
Correcting the Wrong Money Lessons [The Simple Dollar] "As soon as you hear a bad money idea expressed by your children, politely and kindly explain to them why that idea is a poor one."