Happy New Year Everyone!
We’re a few weeks into 2015 so there’s no better time to start saving. One savings plan that comes to mind is the 529 Plan. With the growing costs of higher education, starting a 529 plan can help give you a head start when it comes to paying for your child’s college tuition and expenses. READ MORE
The holiday season is upon us, which can lead to big spending. Don’t worry, here are some tips for kids to help them earn and save money during the busy season. READ MORE
Today is a huge day for Walter the Vault because it’s the launch of our Kickstarter campaign. With your contributions over the next 30 days we’ll be able to finance our first book The Pumpernickels Meet Walter the Vault. READ MORE
Recently Forbes published “3 Financial Goals To Focus On In Every Decade.” The article discussed goals for people 20 and over. Walter the Vault feels it’s important for children and teens to have financial goals as well. READ MORE
Here’s a scenario: It’s your birthday and you receive a check as a gift. What do you do with it?
Perhaps your best option if you’re under the age of 18 and don’t already have one is to open a savings account, also known as a Custodian Account. A Custodian or Custodial Account is an account created at a bank, brokerage firm or mutual fund company that is managed by an adult for a minor that is under the age of 18 to 21 (depending on state legislation). Although most custodians who manage the bank accounts are parents, guardians, or relatives, the custodian doesn’t have to be related to the child to set one up. READ MORE
Thank you to everyone who came out to our Family Financial Literacy Fair sponsored by the Nassau County Chapter of the New York State Society of Certified Public Accountants. It was a huge success and a fun day filled with music, games and entertainment. It was great seeing everyone engaged at the various tables educating themselves on financial literacy and how to make smart decisions with their money. We want to give a special thank you to NYSSCPAs Nassau Chapter president Scott Sanders for supporting our fair. READ MORE
It’s April and for many families it means a few things: April Fool’s Day, Spring weather with some April showers, and about two more months left until Summer vacation. It is also the start of National Financial Capability Month. What’s National Financial Capability Month (also known as Financial Literacy Month)? As declared last year by President Obama in this proclamation: READ MORE
Walter the Vault offers financial literacy tips to kids and parents. Walter has discussed needs versus wants, used real-life situations to teach kids about money, and suggested earning and saving strategies for kids and teens. Putting all of these money lessons together, children can develop the appropriate skills needed for the future! READ MORE
Considering today’s difficult economic times, gainful employment, like money, does not grow on trees. Part of teaching children and teenagers about money involves raising awareness on ways they can earn some money: Allowance, babysitting, a family yard sale, or other part-time jobs. READ MORE
Walter the Vault’s mission is to have children become Money Masters, be financially responsible, and inspire kids to be what they want to be, unlock their dreams. READ MORE