Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Preparing Your Children for Financial Independence

Written by Deb Hornell on April 22, 2013 in Family Money  |   8 comments

As parents, we want our children to be successful and happy in life, but teaching them financial independence often gets put on the back burner. Many parents wait until their children are graduating from high school or leaving for college to begin talking about money…

money management budgetAs parents, we want our children to be successful and happy in life, but teaching them financial independence often gets put on the back burner. Many parents wait until their children are graduating from high school or leaving for college to begin talking about money management.

Here are three tips to help your children forge a path to financial independence:

1. Talk about financial goals with your children and then help create a plan to set them up for success.

  • Define what financial independence means for you and your children. Do you want them to manage their own cash flow? Appreciate and know how to earn money? Set a budget to live within their means?
  • Talk with your children about what is important to them in life. What kind of lifestyle do they want? Do they want a family? What level of education do they want to achieve?
  • Talk to your children about how financial decisions might affect their lifestyle goals. How will they use credit? What level of debt is acceptable? How much should they be saving?

2. Utilize money management tools to gradually increase your child’s level of responsibility and independence.

  • An allowance can introduce elementary school children to the concept of managing money. If you wish, the allowance can be linked to completing basic family chores.
  • Using a monthly budget can help middle or high school children learn to live within their means while teaching them independence and accountability for their own cash flow. Help them estimate their projected monthly expenses (lunch, fun money, clothing, and so on) and then compare their actual expenses each month. Talk with your children about why they may have gone over budget and help them find ways to cut costs.
  • A checking account with a debit card is a valuable tool for teenagers to begin managing money through a bank. Your children can only spend existing funds, and they have the flexibility of online banking and debit card usage.
  • Encourage part-time jobs, such as cutting grass, shoveling snow, babysitting, or working for a business. Your children will learn to appreciate the power of earning a dollar. My parents taught me this valuable lesson during middle school when they expected me to babysit for clothing money. Their confidence in me was empowering and made me appreciate my new purchases even more.
  • Credit cards should only be introduced when your children have a proven ability to manage a debit card. My children were allowed to open a credit card account when they were sophomores in college so they could begin establishing a credit history. Our rule was (and still is) that you only charge items on your credit card if you are able to pay off the balance each month.

3. Be a role model for fiscal responsibility. Children watch to see how adults earn, save, and spend money. Make sure your example is one that sets the tone for their future success.


Deb Hornell is an author and an expert in group facilitation, leadership development, and change management. She has been helping individuals and companies grow and succeed for more than 25 years.

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. Mohammed Rahman says:

    Good Topic..How about introducting Kids the concept of Investing Money and to see how it performs in the financial market ?

    • EFX Moderator, EM says:

      Mohammed, that is a great idea. It’s important to make sure our children are prepared for their financial future. Thanks for posting.

  2. Brenda says:

    I think the credit companies should get together and teach kids the importance of credit and what it is and how to get good credit and what happends when late payments or other detriments to a credit score… even a beauro authorized YOUTUBE video or something. Many parents do not know how to do #3 above. They live pay check to paycheck, so kids only know how to live paycheck to paycheck.

    • EFX Moderator, EM says:

      Brenda, that’s a good point. Hopefully, by using the tips above, children can learn financial discipline. Thanks for sharing.

  3. Darian says:

    How about introducing young people to the concept of starting a business to demonstrate that income is not necessarily tied to effort expended? Being trapped into “wage and salary for work expended” thinking is a problem which prevents many from becoming truly financially independent.

  4. Laura says:

    We all need to teach our children (& grandchildren) the joy of saving for high priced items instead of always using a credit card. It has always made an item more special if I have to save the money for it. Also, while saving for an item I sometimes find the same item on sale or for a lower price somewhere else. It pays to be a cautious shopper. It is essential to financial security to live within my means and not what others can afford.

  5. Reggie says:

    How about teaching kids the value of money before they start their own families? In fact, I say we scrap the entire “let’s start a family” plan all together because kids cost a lot of money. Unless you’re already finacially free, I honestly don’t think having kids is a good idea because they are an expensive investment. Many parents say children are priceless, without admitting that they do come with a heavy price. If you truly love children, you wouldn’t dare bring one into an impoverished situation where you are forced to work more and spend less time with them. It’s not worth it in the long run. Peace.

Leave a Comment

Name :

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.