Menu

First Bank Wisdoms

Pamper Your Pets - Debit Card Promotion.  This week, each time you shop with your First Bank debit card, you are entered to win a $100 PetSmart gift card.

Posts Tagged ' Talk'

We are pleased to present below all posts tagged with ' Talk'. If you still can't find what you are looking for, try using the search box.

The “Paying for College” Conversation

It’s easy to get caught up in filling out FAFSA and loan applications, evaluating your 529 plan performance and planning a budget for college expenses, and forget one very important step of the paying for college process: having an open, honest conversation with your child about how you will handle the cost of college.  According to the College Savings Foundation 2013 Survey of Parents, 75 percent of parents expect their children to contribute to college costs. If you’re among this number, do your children know that these are the expectations? It’s important to have “the college conversation” well in advance of the first tuition bill so that there aren’t any surprises or arguments over who will be paying when the time comes. These tips can help you maneuver this tricky conversation with ease. Before you talk Do your calculations As accurately as you can, estimate how much you would be able to contribute to each school that your child has received an aid off ...

Popular tags: , , , , , ,

How to Talk to Your Kids About Money

How soon is too soon to talk to your kids or grandkids about money? If they are old enough to ask for a toy or a bike, they are old enough to start learning financial lessons that will last a lifetime. The best financial lessons are part of everyday experiences. Look for opportunities to talk about money, read books aloud and play games that center around spending money wisely. Be open and honest when you discuss your financial experiences—good or bad. Here are some examples of teachable moments to help you get started: At the bank When you go to the bank, bring your children with you and show them how transactions work. Get the manager to explain how the bank operates, how money generates interest and how an ATM works. Ask the manager for a tour. On payday Discuss how your pay is budgeted to pay for housing, food and clothing, and how a portion is saved for future expenses, such as college tuition and retirement. At the market It’s easy to give clear examples of “need ...

Popular tags: , , , , , ,

Archive

Disclosure

All First Bank blog information and content is strictly informational. It is not intended to be specific investment, tax, or legal advice. If you need detailed financial, investment, or tax advice, please contact a First Bank qualified professional. Please note, First Bank occasionally shares third-party content we find to be relevant and helpful to our audiences.