It’s still only July, but for some, it’s already back-to-school shopping time.
 
Back-to-school shopping is the second largest consumer spending category after holiday shopping. Once you combined school supplies with other expenses—such as clothing and electronics—a family could easily spend between $600 and $1,000.

Basic money management skills are crucial to daily success but financial education isn’t commonly offered in schools. To help bridge the gap, Greater Nevada partners with organizations like EverFi, Balance, and the Richard Myles Johnson Foundation. Together with Greater Nevada Credit Union, these organizations provide financial education to students of all ages from elementary school to college.

CONSIDER THIS:  According to a Caring.com survey, only 42 percent of adults in this country have estate planning documents such as a will or living trust.

These documents formally address distribution of assets, and for parents, wills and trusts outline directives for the care and custody of their children. And letting the people you want to take care of your children know your wishes and communicating your intentions to the state via legally recorded documents is important.

Teens with summer jobs might be earning their own money for the first time — but it won’t be the last. The money habits they learn now could last for decades.

Here’s how to help your teen make the most of a job and those paychecks.

Among the many things we celebrate during the month of May is Older Americans Month. In keeping with the 2017 theme of “Age Out Loud,” this is a great time to discuss how to have that financial “talk” with your parents or other elders in your family.
 
For many, discussing finances is not something that’s easily done. But it’s an important conversation to have. For one, financial abuse and exploitation continues to grow. It is believed that financial abuse costs senior citizens about $3 billion a year. In addition, a sudden serious health issue may lead adult children to have to make quick decisions based on little knowledge of their parents’ or grandparents’ financial, medical, or legal information.  
 

When did you first learn about money? Many people are taught the value of a dollar at a young age, and that then shapes the way they spend money the rest of their lives. April is National Credit Union Youth Month, and across the nation credit unions are promoting the importance of teaching youth ways to earn, spend, save, and manage money wisely. These lessons are important for kids and even a good reminder for adults, since these principles often aren’t taught in school. Below is an overview of how you can instill good money habits in your kids, no matter what age.

Kids are expensive, and estimating how much you’ll spend on your first bundle of joy is tricky. There are diapers, clothing, furniture, food and toys to think of, as well as costs that may not spring immediately to mind, like life insurance and college savings.

It’s no secret that getting a college education isn’t cheap.  According to collegedata.com, the average annual cost for an in-state public school is $24,061, and for a private college the average is $47,831. With ever rising college costs, parents are putting aside money for college even earlier these days. Here are few tips you can use to save and supplement the costs.

We have a passion at Greater Nevada to help more people live greater. And in honor of mother’s day, our employees shared words of advice from their mom’s—and those who were like moms—on what it means to live greater.

Financial literacy is a crucial life skill for young people, but it’s one that too few are learning.

That’s why April is National Credit Union Youth Month and we’re focusing on helping our youth become more financially fit so they can strengthen their money skills and pump up their savings. 

It’s natural to want to support your kids, but you don’t want to get stuck paying their phone bill and car registration when they’re out of college and almost turning 30. Many parents struggle when it comes to cutting their kids off. They think there is some magic age when they should stop the financial support, but the question shouldn’t be “when,” it should be “how.”

Because we are all raised differently and face our own life challenges, there is no exact roadmap on how to do this. There are some basic guidelines, however, that can be followed in order to ease off on the financial support.

Teaching kids about money can be challenging. You can’t just give them an article out of the Wall Street Journal about finances and expect them to understand it. Kids also have a very short attention span, so when grandpa lectures them on the importance of saving their money, they probably aren’t listening.

All kids know is that they want something and they want it now. So how do you teach them important life lessons and make sure they are paying attention?  Take a look at these simple tips to help your kids learn about money. 

As my husband and I embark upon parenting a human, we did a little research and found that according the U.S. Department of Agriculture, the average cost to raise a child born in 2013 to age 18 is expected to be $241,080. We thought it would be smart to start learning from the experts and reach out to some friends who have kids to discuss their financial strategies