Another diet fad bites the dust.
The annual cost for the average couple to raise a 14-year-old in 2012 was $17,730, according to the USDA’s Center for Nutrition Policy and Promotion. It cost $18,380 to raise a 17-year old that same year, and in a house with two teenagers and a 12-year-old, the annual cost to raise all three children rose to $33,590. How much of this financial load should teenagers be asked to bear? If you’re raising one or more teens old enough to work or drive, you might be wondering which expenses they should start paying for themselves. Here’s a guide to get you started.
Build on Your Budget
Approach your children’s budget as a reflection of your overall household budget. Financial advisor Elizabeth Warren advocates following a 50/30/20 budgeting policy: Each month, allocate 50 percent of your income to necessary expenses, 30 percent to discretionary spending and 20 percent to savings and debt reduction.
Patricia Papernow, author of Surviving and Thriving in Stepfamily Relationships.
Topic: What works and what doesn’t.
Issues: What makes stepfamilies different? Five challenges for stepfamilies; why ex-spouses are part of the family; how stepfamilies change and develop over time.
Author: Jeff Martinez
Whether or not you can believe it, cold and flu season are already in full swing; cold season typically peaks in January, while flu season not until February. This year, however, the Centers for Disease Control and Prevention (CDC) is reporting that this is the earliest start to flu season since 2003. Other medical websites mapping cold and flu activity are showing moderate to severe activity in most states. [Read more...]