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  1. Home
  2. Archived Blog
  3. March 2018

March 2018

Identity Theft – How to Safeguard Your Identity

Submitted by McCay Wealth Advisory on March 23rd, 2018

It’s something most Americans don’t think about until it hits the headlines, such as last year when major retailer, Target, revealed that its data base of shopper credit and debit card numbers had been breached. Yet, nearly 15 percent of the population - more than 34 million adults - has reported some form of identity theft, according to the Identity Theft Resource Center.

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Beyond just an Allowance: How to Engage your Young Kids in Learning about Money from a Young Age

Submitted by McCay Wealth Advisory on March 23rd, 2018

Think back to those early days in life when it seemed like everything in the candy aisle was free if you begged your parents hard enough. Not a fleeting thought was given to the expenses of a vacation or the copay costs at the doctor. There’s something beautifully unburdened in the way which children experience the world: recklessly present and innocently ambivalent. Teaching your children lessons about money from a young age won’t crush that. What it will do is to set them on a path to future financial success with enduring financial concepts. Children’s monetary habits are formed as young as age seven according to a report published by University of Cambridge researchers. That means your children are going to learn about how to treat their money from someone, and it’s better for that person to be you, so you can guide the experience and activities.

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Habits of a Savvy Saving Family

Submitted by McCay Wealth Advisory on March 23rd, 2018

When people warn you that having kids is expensive, it’s no joke. From diapers to food, braces to sports activities the costs add up quick. For a middle-income family in the U.S. raising a child up until age 18, costs an estimated average of $245,340 (or $304,480, adjusted for projected inflation), according to the 2013 “Cost of Raising a Child” report from the U.S. Department of Agriculture. Of course, this number fluctuates dependent on where you live and your living habits. Saving money as a family may be more complex than budgeting as a single adult, but it can be done successfully and save you loads for retirement, saving accounts, long vacations, and mean more readily available investment capital.

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