Whether you find out you’re expecting or you get a call from your adoption agency, your first response to welcoming a child is probably an instant rush of emotions. That is likely to be followed by a dawning realization of how much needs to be done—and spent—before the baby comes home. According to analysis by LendingTree, an online lending marketplace, it currently can cost nearly $300,000 to raise a child from infant to age 18.
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If a loved one has recently passed in your life, all of us here at American Heritage offer you and your family our sincerest condolences. Loss is never easy, and we are here to support you all as you go through this difficult time.
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Tuesday, August 12 is recognized as International Youth Day. This observance offers an opportunity to recognize the importance of children and young adults in society, as well as ways to support their development and growth. Children are naturally curious, and as they get older, they’re sure to have more questions about money.
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Taking on the role of power of attorney (POA) agent for a parent can feel overwhelming, because it is. It means stepping into their shoes, often during times of vulnerability, and making important decisions about their finances, healthcare, or both. But while it comes with legal authority, it also comes with emotional weight and familial complexity.
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If you’ll be welcoming, or recently welcomed, a child into the world, congratulations! This should truly be a pivotal and beautiful moment in your life. But with all the happiness and joy, there may also come some anxiety, particularly around finances. But with the right financial plan and budget, you can set yourself and your family up for successful parental leave.
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Your summer vacation should be full of sunshine, relaxation, and unforgettable memories, not unexpected bills. But even the best-planned trip can come with surprise expenses that throw your budget off course. From hidden fees to unexpected detours, staying financially prepared can make all the difference. Here are some tips.
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If you’ve recently welcomed a child into your life, congratulations! This is one of the most beautiful and life-changing events you are sure to experience. You should be proud and excited for all that is to come as a new parent.
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April is Financial Literacy Month and Credit Union Youth Month, so it’s the perfect time to think about how to help our children develop smart money habits that will last a lifetime. Parents and guardians have so many unexpected opportunities to teach kids about money in the course of everyday life. By turning these moments into easy-to-understand lessons, you can empower your children to make wise financial choices from the start. Read on for some easy ways to build your child’s financial literacy.
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Whether you find out you’re expecting or you get a call from your adoption agency, your first response is probably an instant rush of emotions. That is likely to be followed by a dawning realization of how much needs to be done—and spent—before the baby comes home. Raising a child from a newborn to an adult today can cost over $310,000, not including college, according to a Brookings Institution analysis of data from the U.S. Department of Agriculture.
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Financial literacy is more important than ever. It’s key to making informed decisions about managing your money and meeting your long-term goals. Yet, according to a survey by the National Foundation for Credit Counseling, only 53% of Americans give themselves an A or B when considering their knowledge of personal finance. In that same survey, 80% feel they could benefit from additional financial advice and education, even with their existing knowledge.
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