BUSYKID ARCHIVE - January 2019

School’s in Session(in some states) … Finally!

With the recent announcement that middle schools in the state of New Jersey will be soon requiring a course on financial literacy, a new standard has been set in regard to the importance of teaching our children how money works. New Jersey was already one of just 17 states that require graduating high school students ...

Teaching Kids About Finance is Money Well Spent

Talk about being stuck between a rock and a hard place … In a recent survey from the Edelman Financial Engines’, 90% of parents with children ages 4 to 8 felt it is extremely important that their kids grow up with good financial habits.  Further, 91% of these parents felt that they themselves are the ones ...

Reasons to Get Rid of Your Paper Chore Charts

It’s 2019, Time to Dump Paper Chore Charts Like it or not, everything is going digital. Even famous board games that at one time appeared to be safe from ever being played in your hand, are now one touch away.  During a family vacation to Florida I was blown away to learn that I all ...

Financial Success Really Comes Down to 4 Basic Money Rules

Looking to up your money game quickly? Good news. Financial success doesn’t require a finance degree—or Herculean efforts. It really boils down to just a few simple rules. 1. Know where your money is going. Creating a budget that works means knowing exactly how you’re spending your money. “Most people have an idea where their ...

10 Cheap (and Healthy) Foods that Last a Long Time

Healthy fare gets a bad rap for being too expensive, but, in reality, there are plenty of good-for-you foods that have budget-friendly price tags and a long shelf life—like these 10. Bonus: You don’t need much time or talent to turn these into meals. 1. Dried Beans and Lentils Average Price: Under $2 for a ...

What Michael Phelps and Other Olympians Teach Us About Money

Watching athletes stand on the Olympic podium, sniffling as their national anthem plays, it’s easy to get swept up in the romance of winning a gold medal. After all, stars like Michael Phelps make it look easy. But here’s what we’re missing as TV viewers: While his races only last a minute or two, what ...

How I Saved $150,000 By 26

Last year, I logged into my checking account, 401(k) and brokerage accounts, and realized something startling: By 25, I had managed to save a total of $100,000. Now, 11 months later, I’ve nearly hit $150,000. Seeing that much in my account was shocking. I’d worked for it, but I certainly wasn’t raised with money like ...

6 Money Lessons I Learned From My 6-Year-Old Daughter

Before I became a mom, I figured I’d have plenty of opportunities to drop some knowledge on my future children. Now that I’m the mother of three, I’m realizing that my little ones have plenty to teach me as well. Since she’s the oldest, my 6-year-old, Serena, has had the most time to impart her ...

Here’s Why It Pays to Invest for the Long Term

If you were fully invested in the stock market for all of 2017, good for you. The S&P 500, which is often used as an indicator of how the market’s doing, ended the year up about 19 percent. So, how long can this rally last? While no one can predict what the market will do ...

What’s the Difference Between a Bear and Bull Market?

Bear and bull markets are the yin and yang of an investment cycle. In the simplest of terms: bear = bad, bull = good. Generally, a bear market happens when major indexes like the S&P 500, which tracks the performance of 500 companies’ stocks, and the Dow Jones industrial average, which follows 30 of the ...

Will $100 Today Be Worth More or Less a Year From Now?

How much $100 will actually be worth in 12 months all depends on what you do with it. But stuff it under the mattress or in a wallet, and it’ll definitely be worth less next year. What!? Why? Because, inflation—the unfortunate phenomenon of prices going up. The value of our money goes down as prices ...