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Parenthood
 

Index

Along with your little bundle of joy come the financial responsibilities of daycare, braces, summer camps, and college savings. When baby makes three (or four, or five), this section is for you.

Protecting Your Child Against Identity Theft
Is someone using your child’s Social Security number or other personal information to commit fraud? Unfortunately, the number of cases of identity theft committed against children is on the rise, according to the Federal Trade Commission. And parents may be completely unaware until the child is one day denied a driver’s license or a college tuition loan because of the bad record that an identity thief has built in the child’s name. The Texas Society of CPAs offers a series of steps you can take to prevent your child from becoming a victim.

When Baby Makes Three
A Nine-Month Checklist to Get Your Growing Family’s Personal Finances in Order
Pregnancy is an exciting time to prepare for your little one’s birth. But it’s not just a time to pick out names and paint the nursery. Texas CPAs encourage parents-to-be to get their financial house in order before bringing home baby. This nine-month checklist can help.
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Teach Children About Money With Pet Ownership Worksheet
In an effort to teach children about managing money, Texas CPAs provide parents with a pet ownership worksheet to help your family budget the expenses associated with getting and keeping man’s best friend (or a furry feline).

Investing 101: Teen-Style
The teenage years may be full of angst over rocky relationships and pimples appearing at just the wrong time, but they’re also a great time for parents to begin talking about the finer points of investments with their teen. Learn a few tips to get you started

Take a Bite Out of Education Costs with Tax Credits
Do your homework on two education tax credits that could help defray college costs. With the Hope and Lifetime Learning credits, you can reduce your tax bill dollar-for-dollar. Learn how.

A Parent's Guide to Paying for Back-to-School Expenses
It's almost time for students to head back to school, which means your children probably want the latest and greatest athletic shoes, clothes and electronic gear. To avoid a hefty price tag, Texas CPAs recommend five ways to prepare for and save money on back-to-school expenses.

The American Institute of CPAs has partnered with Weekly Reader to create a free educational program that teaches children about earning, spending and saving money. Download a poster and two hands-on activities for use at home or in school.

Brace Yourself for the Sticker Shock of College Costs
It's not just tuition and room and board, college expenses often forgotten at budget time include textbooks, parking fees, cell phone service, and fees to join clubs, sororities, fraternities, and other organizations. To best prepare for the expenses ahead, check out these planning tips.  

Make Filing Your Taxes a Family Affair
Give your children a head start on their financial skills with this interactive lesson on taxation. They will learn to appreciate the roads, police, and other services that tax dollars help fund. If you're comfortable sharing your family financial information with your children, consider reviewing your tax return with them before you send it off to Uncle Sam. 

Money Milestones for Your Child
Use this financial growth chart to mark your child’s progress when it comes to understanding money, and guide your child down the path to financial success.