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# Mary Knows Money!

Wordsmith your stories to impress and excite.

## Sitemaps

- [XML Sitemap](https://maryknowsmoney.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Check Out the Latest Post](https://maryknowsmoney.com/blog/)
- [Custodial Accounts Give Them A Head Start](https://maryknowsmoney.com/give-your-child-a-head-start-opening-a-custodial-account/) - If you want to give your child a head start on saving, consider opening a "custodial account" for her. This type of account can set her up for long term growth ahead of her own years of investing. A Custodial Account? A custodial account is an account in your child's name, that is managed by a
- [My Parent's Taught Me Lifelong Lessons About Money](https://maryknowsmoney.com/my-parents-taught-me-lifelong-lessons-about-money/) - My Parent's Taught Me Lifelong Lessons About Money Lessons My Parents Taught Me My parents taught me lifelong lessons about money. They are still impacting my financial decisions today. And over my lifetime I've made thousands of money related decisions. From what clothing to buy for the new school year (yes, I paid for my
- [Getting “Credit” for Smart Financial Decisions](https://maryknowsmoney.com/getting-credit-for-smart-financial-decisions/) - There are many arguments for and against the need to have a “good” credit score. If you search the internet information on attaining or maintaining a good credit score, you will find lots of opinions. And neither side is wrong. However, you will find that both sides do agree on one thing...having a good credit
- [Seizing Opportunities: Taking the Jobs No One Else Wants](https://maryknowsmoney.com/seizing-opportunities-taking-the-jobs-no-one-else-wants/) - After enlisting in the military, one of the first things I heard was, "Never volunteer!" and never take the job that no one else wants. So during the months and months of training, I adhered to that advice. Unfortunately, that strategy didn't always work out for me. I was often "volun-told" to complete a task
- [To Lease or Not To Lease? That Is The Question](https://maryknowsmoney.com/to-lease-or-not-to-lease-that-is-the-question/) - Getting a car is a pretty big deal for most folks. Especially if it's the first time you are doing it. I bought my first car, a used Toyota Corolla, while serving in the military overseas. The back seat of the car was covered in dog hair. The guy who sold me the car allowed
- [Budgeting: How to Use The 70-20-10 Rule](https://maryknowsmoney.com/budgeting-how-to-use-the-70-20-10-rule/) - When I started my first job after college I had no idea what the 70-20-10 rule was or how to save money for my future. I worked as a part-time employee for a non-profit. They had no retirement plan nor any options for me to pay into an individual retirement account. I knew nothing about
- [Banking Smart: Managing Your Checking and Savings Accounts](https://maryknowsmoney.com/banking-smart-managing-your-checking-and-savings-accounts/) - Signing up for your first bank account can be an exciting part of becoming a financially responsible adult. Unfortunately, many teens are not prepared for the responsibility that comes with managing a checking and savings account. As a result, they end up in greater financial difficulty than they would have been in without having one.
- [Setting Savings Goals for Financial Success](https://maryknowsmoney.com/setting-savings-goals-for-financial-success/) - Merriam Webster dictionary defines a goal as "the end toward which effort is directed". A goal could also be called an aim which is "to intend or direct for a particular effect or purpose". Whatever you choose to call it, setting a savings goal (s) is an important aspect of achieving financial success. You might
- [Acquiring Wealth: It's Not About Your Income, It's About Your Spending](https://maryknowsmoney.com/acquiring-wealth-its-not-about-your-income-its-about-your-spending/) - When I was growing up, $20 dollars was a large amount of money. Not just when I was 7 or 8, but also when I was a teenager and young adult. Because I often had to work pretty hard to earn that much. After working hard to earn my money, I was really thoughtful and
- [Investing: What Happens When You Start In Your 20's](https://maryknowsmoney.com/investing-what-happens-when-you-start-in-your-20s/) - When you're hanging out in your 20's having the time of your life (hopefully), it's hard to get your brain to start thinking about your future financial life. You're probably thinking you have tons of time to figure it all out. After all, there's 50 years between now and age 70 when you plan to
- [Retirement: Why You Need To Start Saving Early](https://maryknowsmoney.com/retirement-why-you-need-to-start-saving-early/) - Retirement pensions are no longer a standard part of employment packages. Employers expect employees to save and invest in their own retirement accounts with employer matches that are taking the place of pensions.
- [Tangled: When You Only Pay the Minimum](https://maryknowsmoney.com/tangled-when-you-only-pay-the-minimum/) - For most people, especially high school and college students, getting their first credit card is a huge milestone. Unfortunately, not understanding how to use a credit card and the full impact of their responsibility related to ownership of a card can lead to accumulation of debt that can quickly snowball out of control. Minimum Payments
- [Your First Paycheck: Where Did Your Money Go?](https://maryknowsmoney.com/your-first-paycheck-where-did-your-money-go/) - Congratulations! You landed your first job and just received your first paycheck. But what happened to all your money? Welcome to the world of work where paycheck deductions and withholdings take a chuck out of your paycheck before it gets to your bank account. Knowing about the different types of paycheck deductions and withholdings will
- [Mindful Spending: How to Conquer the "Buy Now" Syndrome](https://maryknowsmoney.com/mindful-spending-how-to-conquer-the-buy-now-syndrome/) - In today's environment, it's so easy to participate in the "get it now, pay for it later" lifestyle that has led to a surge in credit card debt and significant decline in the savings rate for many. This is especially true for many young adults. The 2008 financial crisis and the current ongoing 2020 pandemic
- [Me and Ms. Rona](https://maryknowsmoney.com/coronavirus/) - The 2008 financial crisis devastated many families and resulted in a global recession that led to the collapse of many businesses, large and small. The markets went haywire and borrowing money became pretty much impossible for most people. At the time I was working in a very stable, government job which guaranteed a steady income
- [A Financial Legacy: Why You Don't Need to Be Rich To Leave One](https://maryknowsmoney.com/a-financial-legacy-why-you-dont-need-to-be-rich-to-leave-one/) - Growing up I never heard the terms "financial legacy" or "generational wealth". Even the word wealth was foreign to me and not a topic that came up in our home. I knew that my parents worked every day to provide for the needs of our family. My role was to get good grades, graduate from
- [Teaching Your Kids About Money: And Why Right Now Is the Best Time to Start](https://maryknowsmoney.com/teaching-your-kids-about-money-and-why-right-now-is-the-best-time-to-start/) - The current pandemic environment has thrown many parents into a tailspin as they have been forced into the home school environment due to the school closures. Teaching math, language arts, science and art, among other topics, is more than most parents can handle. So to suggest adding another subject to the list of required subjects
- [Money Talk - Basic Financial Terms To Know](https://maryknowsmoney.com/money-talk-basic-financial-terms-to-know/) - A key to managing and making the best financial decisions for teens and college students is understanding "money talk." That is, understanding the terminology you need to help you make good money decisions. Teaching financial literacy to kids at an early age really pays benefits later on. They gain skills and knowledge they will use

## Pages

- [Welcome!](https://maryknowsmoney.com/) - Today more than ever…words have the power to transform the ordinary into the extraordinary. Hi, I’m Mary! I love the adventure of experiencing something I’ve never tried, going somewhere I’ve never been, or learning something I didn’t know! I ‘m a happy wordsmith who loves reading and writing. I have a career that spans 20+
- [Contact Us:](https://maryknowsmoney.com/contact/) - Your information will not be published. We respect your privacy. Please enable JavaScript in your browser to complete this form.Name *FirstLastEmail *CommentSubmit

## Categories

- [Uncategorized](https://maryknowsmoney.com/category/uncategorized/)
- [Education](https://maryknowsmoney.com/category/education/)
- [Business Perspective](https://maryknowsmoney.com/category/business-perspective/)
- [College Life](https://maryknowsmoney.com/category/college-living/)
- [Lifestyle](https://maryknowsmoney.com/category/lifestyle/)
- [Parenting and Money](https://maryknowsmoney.com/category/parenting-money/)
- [Financial Awareness](https://maryknowsmoney.com/category/financial-awareness/) - Financial success, budgeting, investing.

## Tags

- [banking terms](https://maryknowsmoney.com/tag/banking-terms/)
- [financial literacy](https://maryknowsmoney.com/tag/financial-literacy/)
- [savings accounts](https://maryknowsmoney.com/tag/savings-accounts/)
- [checking accounts](https://maryknowsmoney.com/tag/checking-accounts/)
- [debit cards](https://maryknowsmoney.com/tag/debit-cards/)
- [70-20-10 rule](https://maryknowsmoney.com/tag/70-20-10-rule/)
- [Budgeting](https://maryknowsmoney.com/tag/budgeting/)
- [Saving](https://maryknowsmoney.com/tag/saving/)
- [Use the 70-20-10 Rule](https://maryknowsmoney.com/tag/use-the-70-20-10-rule/)
- [jobs no one else wants](https://maryknowsmoney.com/tag/jobs-no-one-else-wants/)
- [volunteering for jobs no one else wants](https://maryknowsmoney.com/tag/volunteering-for-jobs-no-one-else-wants/)
- [volunteering and job opportunities](https://maryknowsmoney.com/tag/volunteering-and-job-opportunities/)
- [UGMA](https://maryknowsmoney.com/tag/ugma/)
- [UTMA](https://maryknowsmoney.com/tag/utma/)
- [529](https://maryknowsmoney.com/tag/529/)
- [custodial account](https://maryknowsmoney.com/tag/custodial-account/)
- [savings](https://maryknowsmoney.com/tag/savings/)
- [custodial savings account](https://maryknowsmoney.com/tag/custodial-savings-account/)