kids money

By now, most of you have heard about the Student Loan Relief Plan announced by the Biden administration. There are varying opinions on the announcement, but from my experience, for many, loans encourage poor decision-making when we don’t have to...

Some years back, my two younger kids expressed an interest in investing. Admittedly, I botched their initial entry into the finance world. The recent acceleration of stock trading by new investors fueled by online message boards parallels the...

It’s graduation season again. Due to the COVID-19 crisis this one is a little different, but regardless many of our kids are moving to new horizons. We all have a strong desire to impart wisdom and advice to these graduates. Through...

When I was young, sometimes I daydreamed about the fleet of cars I would own someday. Raising four children in the suburbs has certainly allowed me the opportunity to own a fleet of cars, but it’s not what I dreamed of. Recently, a...

How much money do we need to have to begin investing? The truth to this question is a lot less than we think. Many people I have talked to believe that they need to have thousands of dollars saved up to fund their initial investment, however this...

When should you start saving for your retirement? The most accurate answer is yesterday. Time is by far the most important factor on saving for your future. Starting early, combined with the effects of compounding interest can make a world of...

Putting your child on an allowance is a critical step towards their eventual financial independence. It’s important to keep this future goal in mind when devising an allowance strategy. The idea is for our kids to already have some money...

In America, paying down debt is a rite of passage. Most of us at one point or another have felt the suffocating effects of too much debt. Deleveraging can be a long and complicated process, but it’s necessary if we want to achieve personal...

Last Tuesday, we pretended like a tornado hit the office. All day we worked from home, testing our communications and computer systems to make sure we would be able to do our jobs if the real thing occurred. The drill was similar to the ones we...

The hot August sun was starting to make itself known as morning advanced. There were just a few plays to go until the first Freshman inter-squad scrimmage of the season would be over. Small groups of parents along the sideline idly watched and...

The last several weeks we have been busy meeting with our client’s children. We recommend what we call “kid meetings” at a few critical stages: Just prior to getting their driver’s license. Just prior to going off to college. After graduation...

The Schulz family will be proudly in attendance at College Park Center in Arlington today for our oldest daughter’s graduation from college. One down…….three to go. Our daughter has grown and changed tremendously over her college years from a shy...

By: Rob Schulz, CFP®April 28, 2009 Gretchen, my oldest, is going off to college next year so I thought I would briefly share some thoughts on college planning with you. Enlist the help of your parents if they are willing and able. Several years...