5 Moves For Parents With Kids Under 18

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Raising kids is hard! Raising kids is also expensive! Especially when they’re under 18 and they likely don’t have any sort of job to help pay their own way. And then even when they’re over 18 you’re still likely helping them out.

So what’s a parent supposed to do? Below are 5 top items that can help parents, save, protect, and get more cash.

1. Help Protect Your Family By Leaving Them With Up To $8,000,000 (This Should Be A No Brainer)

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man holding kids in front of house with white picket fence

We hate to think about it, but who would make the mortgage or rent payments if something were to happen to you? One of the smartest moves you can make is to help protect your family’s financial future. Many people underestimate how much money is needed to provide for their families after they die. This is why life insurance is very important.

The older you are, the more expensive life insurance becomes. And because today is the youngest you’ll ever be, there’s no better time than today to get a life insurance policy.

With Ladder, you can actually lock in your rate. As you age and your health declines, you’ll get to keep paying that same low premium.

Ladder offer’s term life insurance policies starting from as little as $4.95 a month, and you can complete the company’s application in 5 minutes. Ladder is 100% digital for coverage up to $3 million which means no medical exams or filling out paperwork! You’ll simply have to answer a few health questions as part of the online application.

Get your free quote from Ladder today and help ensure your family’s financial future is secure.

$4.95/month pricing is based on 20-year-old female, preferred plus rating with a 10 year term and $100,000 in coverage.

Ladder Insurance Services, LLC (CA license # OK22568; AR license #3000140372) distributes term life insurance products issued by multiple insurers – for further details see ladderlife.com. All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products.

2. Stop Paying Outrageous Interest; Borrow From Yourself

brown and white concrete house

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Tired of paying 20% or more on credit cards or other bank offerings? There’s a better way. Take advantage of much lower rates by borrowing against your home. With a cash-out refinance you could use the cash for virtually anything you want like paying off debt, making home improvements, whatever you want.

One of the most highly rated lenders is New American Funding. They’ve eliminated most of the hoops you used to have to jump through, so it only takes a couple of minutes to see what you qualify for.

Of course, if you’re having trouble making ends meet, be careful with this, or any type of loan. But if you’re gainfully employed, responsible and own a home, there’s no reason to pay ripoff rates. Take a couple of minutes and check it out right now.

3. Get A Top Financial Advisor To Help You Manage Your Money

back of man wearing suit on street

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Now might be one of the best times to get on top of your finances for your family with the economy being on a wild ride.

Obviously, there are no guarantees a professional will do better than you at managing your money. But if you have a portfolio size of over $50,000 (could be a combination of cash, stock, or other assets) getting a second opinion from a pro certainly can’t hurt. Even if you don’t need help picking investments, they can help you create a plan, maximize your Social Security, protect your assets and offer you peace of mind by ensuring you’re on the right track.

These days, there are no-cost online services that make it easier than ever to find trustworthy financial advisers in your area. For example, Wiser Advisor. You fill out a short questionnaire and are instantly matched with up to three local fiduciary financial advisers, all legally bound to work in your best interests.

The process only takes a few minutes, and in many cases you’ll be offered a free consultation.

Nothing to lose, lots to potentially gain: Take a minute and check it out right now.

4. This Might Sound Silly (But It Shouldn’t), Art Might Be A Hugely Helpful Asset To Own

money artwork

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When you think about investing you probably think about stocks and real estate. You might think that investing in fine art by the likes of Banksy and Andy Warhol is only an option for the ultra-rich. But not anymore.

Masterworks is an investment platform designed specifically for investing in contemporary artwork built for everyone (with just a $1,000 minimum).

Why? Because, like a fine wine, a piece of fine art can get better — and more valuable — with time.

And maybe because, between 1995 and 2020, contemporary art has outperformed the S&P 500 by 174% — that’s nearly three times the returns — according to the Citi Global Art Market chart.

Masterworks is one of the first art investment platforms, and it’s available by invite only. (Don’t worry; we got you an invitation! skip the waitlist and sign up with Masterworks today) It lets you bypass the hard parts of art collecting, so you can just enjoy the rewards.

Here’s how it works:

  • The Masterworks research team watches the art markets to discover which types of works are going up in value.
  • Then it sends out an acquisition team to snatch up a piece and offers shares to member investors.
  • You select shares to buy (with just a $1,000 minimum investment), and Masterworks uses its proprietary data to help you tailor your portfolio based on your financial goals.
  • You can earn money by selling your shares to other Masterworks users, or hold onto them and earn your share of the proceeds when Masterworks sells the piece.

5. Save Your Money Better And Smarter By Earning High Interest

cash

We all know interest rates have been rising. Why not take advantage of this and put more money in the pocket of your family?

We’re talking about a high interest FDIC insured savings account with a site called SaveBetter.

SaveBetter can find you saving accounts that can grow your money up to 19 times faster than the national average. All the products and rates are only offered through SaveBetter and aren’t available directly from the banks.

So many banks are relying on you being brand loyal and not shopping around. But SaveBetter lets you make deposits with different banks from a single account — you can pick the best savings accounts with the highest APY from various banks, a-la-carte style. And if another bank is showing a higher rate, you can switch with ease. No annoying multiple bank account opening needed.

Here’s how it works: SaveBetter works with federally insured banks and credit unions all around the country. A lot of their partners are regional financial institutions that want a bigger presence, or just more deposits in general. So they’re willing to offer even better, exclusive interest rates online.

Get started in 2 easy steps:

  • Choose a banking product and click the arrow or save more button.
  • Signup by creating an email and password. It’s that easy.

They offer high-yield savings accounts, money market accounts and two types of certificates of deposit: fixed-term and no-penalty.

Why spend your entire lunch break filling out forms to open one account, when you could open multiple savings accounts in less time — and get better interest rates?

It really only takes a few minutes to get started with SaveBetter. While SaveBetter isn’t a bank, the savings products you access through this platform offer the same benefits and protections that come with traditional bank and credit union accounts, like FDIC and NCUA insurance.

Plus, your data is encrypted and access to your account is protected by Cloudflare. All this to say: Your money’s safe.

Get started here to start earning up to 19 times the national average interest on your savings.