CFPB: How Parents Can Help Kids Be Smarter About Money In Everyday Situations
Over the past few months, we have written about ways parents can help put their children on a solid financial path—by developing a savings habit, by reading books with them, and by using our activities and conversation starters. Now, we’d like to offer an approach you can use anytime, anywhere, with children of all ages: Explain money as…
CFPB: Tools and Resources for Money Decisions
We understand that during your life you might face complex and important decisions about your money and finances, like how to choose and use a credit card or how to determine if you can qualify for a mortgage. An important part of our mission is to empower you to take control of your financial life…
CFPB: Money Conversations With Kids Made Easier With CFPB Money As Your Grow Book Club
With our newly launched Money as You Grow book club, you can use children’s books to discuss money concepts through reading, play, and one-on-one talks. Research shows that parents and caregivers have the most influence on their children’s financial capability. If you’re like most parents, you probably recognize this—and you’re interested in setting your kids…
ABA: First-Time Homebuyers – 6 Tips to Save for the House of Your Dreams
WASHINGTON — According to a 2015 BMO Harris report, 52 percent of Americans plan to buy a home in the next five years. Saving for a down payment, typically between 5 to 20 percent of the home’s value, is one of the biggest challenges for those aspiring homebuyers. In recognition of American Housing Month, the…
ABA: 7 Tips to Help Seniors Live At Home Longer
The ABA Foundation celebrates American Housing Month with practical advice for ‘aging in place’ WASHINGTON — According to the U.S. Census Bureau, approximately 80 percent of individuals age 65 or older own their home. A Georgetown University survey found that a vast majority of these older Americans wish to remain in their homes as they…
CFPB: 3 Things You Consider Before Co-Signing for an Auto Loan
Young adults with limited or spotty credit histories often ask older family members, such as a parent or grandparent, to co-sign for a loan to help them buy a vehicle. However, co-signing for an auto loan includes real risks and responsibilities. If you’ve been asked to co-sign a loan, you can use or share our…
ABA: How to Stop Elder Financial Abuse Before It Starts
ABA Foundation Commemorates World Elder Abuse Awareness Day with Financial Tips WASHINGTON — In recognition of World Elder Abuse Awareness Day on June 15, the American Bankers Association’s Foundation is working to combat financial abuse of older Americans. A recent study estimated older adults lose $2.9 billion each year to fraud. “Americans 50 years and older control…
ABA: 6 Questions Millennials Should Consider During American Housing Month
WASHINGTON — Millennials looking to make their next housing move face a tough decision – to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. In recognition of American Housing…
ABA: 7 Ways to Avoid Online Fraud
WASHINGTON — Internet fraud continues to be a growing problem in the U.S. According to the FBI’s Internet Crime Complaint Center, in 2014, the agency received approximately 270,000 complaints from consumers who were exposed to online fraud — up from nearly 263,000 in 2013. In recognition of Internet Safety Month in June, the American Bankers Association is…
ABA: 6 Financial Traps New College Graduates Should Avoid
WASHINGTON — As college seniors across the nation graduate and start their careers, their financial lifestyle should be top of mind, says the American Bankers Association. ABA has highlighted six traps new college graduates should avoid to fortify their finances as they transition from the dorm to the office. “Now is the time for college…