Jun

11

Child – First Account Oppened

June 11, 2009 | Comments Off

We just opened the Child’s first bank account. A regular savings account will do, under Uniform Transfers to Minors Act.
“In most states, minors do not have the right to contract, and so cannot own stocks, bonds, mutual funds, annuities and life insurance policies. In particular, parents cannot simply transfer assets to their minor children, [...]

Jun

10

New Child

June 10, 2009 | Comments Off

We got our first child in the last few weeks. A lot of excitement and joy. As this blog is about financial matters, we will probably discuss the financial decisions we take in this process.
Fortunately we haven’t really had any major expenses so far. A few diapers and a crib that we [...]

Mar

10

Schools : How to Get Good Education? Choices…

March 10, 2008 | 1 Comment

Education is priceless but our wallets are not bottomless.  We all want the highest education for kids, but there is a point where we have to call it enough – not because we want to, but because we can’t go further.  The government provides education for kids in the US.  Fairly good one compared to [...]

Jan

25

When to Start Giving an Allowance to Kids?

January 25, 2007 | Comments Off

Never, I say. Kids should learn the value of money all right, but they should also learn that money doesn’t come for free – at least not to responsible people. Kids should understand that money represents value, and it is given in exchange for value provided.
I believe kids should be able to earn money and [...]