How to Open a Roth IRA for Kids for a Financial Slam Dunk

Rocket your child forward with a Roth IRA for kidsYou can open a Roth IRA for kids if they meet certain requirements, which is a great thing. If you’d like to find out how to set up a Roth IRA for your kids, and what the requirements are for that, read on.

But first, why consider doing this?

A Roth IRA (which is also sometimes called a custodial IRA for kids) can be an excellent way for parents to help their children invest for the future.

While retirement is probably the last thing on your child’s mind, that doesn’t mean you can’t put the idea of preparing for the future there.

You can show them the power of starting early and help them form good habits now, or just start the process for them if they are very young. (Even a baby can have a Roth IRA, IF they meet the requirements. As we’ll go into later, there’s no minimum age to open an IRA.)

Opening and funding a Roth IRA for your kids can be a great way to give them a financial head start in life.
Read more

The Best Personal Finance Apps for Mastering Your Money

Best personal finance apps for mastering your moneyThese are the best personal finance apps — financial apps for tracking spending and a whole lot more.

These can help you budget, save for the future, get out of debt, and invest. Taking care of your finances doesn’t have to feel impossible!

Let these apps can save you time and money. Why not spend less time figuring how to make ends meet and more time enjoying life?

(This article contains affiliate links when they were available. This site may receive a small commission if you buy something through them. There’s no extra charge to you though!)

So, here we go with the overview of top finance apps! (Note that prices were accurate as of the time of this writing; double-check for current pricing.)
Read more

4 Mortgage Refinancing Strategies to Get You Out of Debt

Wooden houses in front of a painted brick wall with 4 mortgage refinancing strategies to get you out of debt written on itRefinancing a home sounds like a complicated grown up thing, doesn’t it?

But the reality is that if you’ve bought a home with a mortgage, you’re more than capable of refinancing. (You won’t even need to call your mom or dad to help lead you through it.)

But first, what is refinancing a mortgage? Basically, refinancing is paying off your current home loan with a new mortgage loan. (Ideally one that comes with better terms to help you achieve your financial goals.)

Of course, you can do a mortgage refinance for a variety of purposes. But what we’re going to focus on here is getting you out of debt sooner rather than later.
Read more