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.

Teach Your Kids Money Management Skills: Just Say No

Written by Miranda Marquit on September 26, 2013 in Family Money  |   1 comment

As parents, we want what’s best for our children. But the best thing for our kids isn’t always what they want—or, at least, it isn’t always getting them what they want right when they want it. Before you give in to your child’s whim, buying…

budget, money managementAs parents, we want what’s best for our children. But the best thing for our kids isn’t always what they want—or, at least, it isn’t always getting them what they want right when they want it.

Before you give in to your child’s whim, buying the latest toys or clothes, stop and think about some of the lessons you are teaching him or her. Consider that sometimes it makes sense to say no. Doing so can teach your child valuable life skills, such as budgeting and money management, as well how to handle the ups and downs of life.

Teach children to handle disappointment

“I’ve known disappointment,” my son told his grandparents when he was seven. It’s true— when he asks for a toy or wants to do one more activity, sometimes he’s told no. It’s disappointing, but he knows that there is a proper way to handle it. With the toy, he knows that he can save up to buy it if his father and I won’t do it for him. With the activity, he understands that he needs to give up something if he wants to do this particular activity instead.

Life doesn’t always go your way, and you can’t always buy yourself happiness. Saying no can teach your children to feel better in the face of disappointment and to move forward. It can also teach them to be content with what they have and to look for the good in the current situation. When my son is told we won’t buy him a toy, he usually goes downstairs and pulls out something he hasn’t played with in weeks. Suddenly, what’s old feels new again.

Encourage them to save up to buy what they want

Another good lesson kids can learn when you tell them no is that they can save up and buy what they want for themselves. Instead of just buying my son a new bucket of Legos, my husband went online with him and searched out new and used buckets. They compared prices, and my son looked at what he had saved up in his spending jar. Together, they found a collection of Lego pieces on an online auction site, and my son paid for them with his own money.

Not only did he get a good lesson in comparison shopping but he also learned that his money has value and that he can buy things himself—there’s no need to always rely on mom and dad.

Teach them that patience is important

Sometimes we tell our son that he has two options: He can save up the money to buy what he wants, or he can wait until his birthday or Christmas to see if he gets it. This helps him learn patience, it teaches him that good things come to those who wait, and it shows him that something you’ve anticipated is all the sweeter when you finally get it. Patience is a good quality to have, and my son is developing it (at least in money matters).

Help them develop an interest in earning more

When confronted with the cold, hard fact that he doesn’t have enough money for something he wants, my son immediately becomes interested in earning more money. We don’t pay him for chores, but he can help with filing for my home business or by shredding the numerous credit card offers that arrive every day. Recently, he helped me with research for a project I worked on for a client. He has also decided to enter six projects in the county fair this year so he can earn more ribbon money.

One of the best ways to help your kids develop an entrepreneurial spirit and solid work ethic is to tell them no and then encourage them to find ways to earn more money to get what they want.

Of course, you don’t always have to tell your kids no. Sometimes we buy a treat or a toy for our son “just because.” And sometimes when he wants to eat out, we indulge him—but not on a regular basis. Because we set the pattern from the time he was old enough to begin earning money, he’s used to the idea that he won’t always get what he wants unless he finds a way to pay for it.

Miranda Marquit is a freelance writer and professional blogger specializing in personal finance, family finance and business topics. She writes for several online and offline publications. Miranda is the co-author of Community 101: How to Grow an Online Community, and the writer behind PlantingMoneySeeds.com.

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 comment

  1. Anonymous says:

    This book series for kids goes along with the author’s tips…

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.