Family Life

Quick Banking Tip

If your children are to succeed, it’s up to you to educate them about money management. Parents must be deliberate about teaching their kids how to handle their finances.  When children attend regular family meetings to talk about money, problem solving and planning, it will become a habit for them — one they’ll carry into their adult lives and pass on to their own children.
 

Family Life

With all the anticipation and joy that comes with starting a family, having children also marks one of the most significant financial changes in parents’ lives. And in today’s world, added financial challenges make careful planning essential...

4 Ways to Avoid Raising Spoiled Monsters

Posted by: MSN Money

Some 58 percent of parents admitted to worrying that they spoil their children, and 46 percent of parents have gone into debt to pay for something their kids wanted. Meanwhile, 57 percent of kids say they expect their parents to buy them what they want. "There is a lot of emotion involved here," said Anne Coveney, T. Rowe Price's senior manager of Retirement Thought Leadership. "Parents certainly want to please their children." To keep spending on kids from running amok, here is what parents and financial planners suggest.

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Financial Checklist Before Starting A Family

Posted by: Forbes

With all the anticipation and joy that comes with starting a family, having children also marks one of the most significant financial changes in parents’ lives. And in today’s world, added financial challenges—an uncertain economy, high unemployment, less job stability and more onus on the individual to save for retirement and cover healthcare costs—make careful planning essential.

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When Should You Start Saving for College?

Posted by: NerdWallet

Congratulations! You’re starting a family. In addition to managing midnight feedings and figuring out how to get baby slobber off your work clothes, you’ve got some serious financial considerations to work through. That little bundle of joy in the bassinet is going to be headed off to college before you know it, so it’s never too soon to start thinking about how to pay for it.

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Bring Your Direct Deposit to RCU

Setting up a portion or all of your payroll or Social Security check to be automatically deposited into your Riverset account is simple, saves you time, and is a great way to start saving. Sign up for Direct Deposit and simplify your life! Contact us to learn more.
 

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