Marilyn Moats Kennedy is the founder of Moats Kennedy Inc., a Chicago-based consulting firm. Moats Kennedy’s firm helps 2,000 to 3,000 people each month in the Chicago area looking to re-start their careers. She has been career consulting since 1975, and offered advice to women on topics ranging from how to re-enter the workforce to […]
Here are seven tips to make a holiday without breaking the bank: Gifts 1. Control the gift budget by setting aside cash in envelopes or buy gift cards from retailers, and bring them along when gift-shopping. Both systems set a constraint that makes it tough to overspend. Before purchasing any gift, ask yourself, “Does he/she […]
Alice Wood didn’t set out to be a money management guru.
We want our North Shore teenagers to work in the summer for many reasons—work ethic, sense of accomplishment, money management skills and mostly to keep them from constantly asking us for money. But not every teen has a schedule that allows for paid employment. From summer school to sports teams, a lot of our […]
A child who is guided in saving and spending will acquire a healthy respect for money. Parents can help by having their children pick out things they want to buy and save for them in a savings account. Some banks offer accounts just for kids, like North Shore Community Bank’s Junior Savers Club. Junior […]
Today’s banking industry isn’t making it easy to teach your child to save. My son’s savings account earned 20 cents in interest last year. “Pathetic,” was his response. And he’s right. But that started a family discussion about why we save and how to keep money safe. The goal is to help my kids develop […]
You might be able to explain to a child how credit card debt accumulates if you only make the minimum monthly payment-but when the percentage starts compounding, I usually collapse muttering over my calculator.
Patsy PTA earned her MBA at Northwestern’s Kellogg School of Management, where she met her husband, Ted Trader.
The year 2008 was full of financial surprises—many of them not so good. The best way to get through these difficult times is to be organized and understand your personal financial situation.
