Friday November 12, 2010
The sooner kids learn how to manage money and invest, the better chance they have of becoming a millionaire when they retire. There is software available that will teach your kids about money. 
I just read that it's Children's Day on Sunday. This brought a smile to my face as I remembered how my grandmother once said, "Children's Day? That's ridiculous. Every day is Children's Day."
The article I was reading is from Shafali Anand at the Wall Street Journal Family Finances. Anand advises that you can start teaching kids about money as early as when they are five years old, and the sooner they learn how to manage money and invest, the better chance they have of becoming a millionaire when they retire.
One way to teach kids about money is to use education software that teaches money management. Here are 4 Software Picks That Teach Kids About Money. And, check out the Top 14 Ways to Teach Kids About Money from About.com Kids and Money.
Thursday November 11, 2010
Avira, a worldwide leading provider of professional and private antivirus software and IT security solutions, has published the results of its recent online banking survey. 
One in three people surveyed choose not to access financial account online at all, and of those who use online banking, more than twice as many people have security concerns as those who completely trust managing finances over the Internet.
The survey asked if the respondents trusted online banking or if they had security concerns while accessing financial accounts and information online. Here is the breakdown of results:
- 20.5% - Of course, I feel secure.
- 48.5% - I do online banking, but I am concerned about the increase of Internet crime.
- 31% - I never do online banking, due to security concerns and instead go in person to the bank.
For more information about the survey results with tips for online banking safety, read Avira Survey Shows 50 Percent of People Are Concerned About Banking Online.
Image: Getty Images / Nick Koudis
Tuesday November 9, 2010
Do you have multiple checking accounts or savings accounts? You probably have multiple credit cards, right? Jesse Mecham, founder of You Need A Budget (review) budgeting software says that "most people have between three and six savings accounts ... one savings account for property taxes, one for emergencies and so on".
Ditch the confusion of multiple places to park your money. Simplify your financial life by streamlining your accounts and use budgeting software like YNAB, which lets you allocate funds in one account for all your income and expense items. Read more about this on Mecham's blog, The Wallet, to learn more about this topic and to get in on the discussion.
Monday November 8, 2010
Well, another online personal finance app bites the dust: this time, it's Rudder. There's a strong possibility that Rudder's user base started going south when it suffered a security breach last year (via Mashable). But, then, Rudder's feature emphasis was delivering account balances, bills and forecasted balances to the user's email inbox every morning. You can set up a similar service plus get so much more from other online personal finance software. moneyStrands even put an invitation out to former Rudder users by explaining how to import financial data.
