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Teaching Children About Money

What is a Custodial Account: UTMA Account vs UGMA Account

In the U.S., there are two main types of custodial accounts for minors: UGMA accounts and UTMA Accounts.  So what is a custodial account and what is the difference between a UTMA account and a UGMA account? In many jurisdictions, minor children are not able to enter into legal contracts like an adult can.  Therefore, [...]

Teaching Kids about Money and Personal Finance

In my profession I see way too many people with financial problems because they never learned proper principles of financial management growing up.  Schools could do a much better job of teaching kids about money and personal finance principles; however, parents have the primary responsibility of teaching their children about money and personal finance. If [...]

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