A quick update here to tell you about my three latest pieces on Money Crashers. The first is about one of my favorite subjects, books — specifically, books to teach kids about money. I already have a piece on the best personal finance books for adults, and there's an upcoming one about the best books for younger children, but this one focuses on the tween and teen set: ages 11 to 20.
These days, schools are teaching kids this age the facts of life about sex, but not about money, so it's up to parents to fill in the gap. My folks did this decades ago by giving me a subscription to Penny Power magazine, a version of Consumer Reports for kids. But that magazine is now sadly defunct, so books are the best way to go, and these seven books are the most-recommended of all. Together, they cover every aspect of financial life, from splitting the check at a restaurant from starting a business. With one exception ("Rich Dad, Poor Dad for Kids," which I included because of its popularity but honestly don't think much of), these are all books I wish I'd had the chance to read at this age.
Best Personal Finance Books for Young Adults (Teens and Tweens)
The second is on a topic I've frankly been a little behind the curve on: money transfer apps. The only one I currently use is PayPal, and according to my research, it's a good one overall — but there are lots of other options that can be better for specific uses, from splitting the check with friends to sending money overseas. No matter where and how you want to send money, there's bound to be an app here that works for you.
The Best Money Transfer Apps for Sending and Receiving Cash of 2022
And finally, there's a piece on the boring but highly necessary topic of health insurance. I've written on this subject before, but this piece covers the absolute basics: what health insurance actually does, what terms like "deductible" and "coinsurance" mean, what an insurance policy is required by law to cover, and what kind of limits insurers tend to place on their coverage to keep costs down. It goes into the many different types of health insurance in the higgledy-piggledy U.S. health-care system, from Medicare to HMOs, and answers some basic questions about what health insurance costs and how to get it. It's everything you always wanted to know about health insurance but weren't sure how to ask.
What Is Health Insurance and How Does It Work?
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