Financial literacy, simply put, is the understanding of credit and debt management. Sounds easy enough, but without the knowledge necessary to apply sound financial decisions into the choices we make every day, a financial crisis could happen. At New Dimensions…

The first step to teaching your kids about money is talking about money. “The most effective way to teach is by having frequent discussions and don’t ever lecture,” said Ted Beck, president and chief executive of the National Endowment for Financial…

Let's face it - teenagers have a lot on their plates these days. If you or someone you know is a teenager, you know that teens are busy with their schoolwork, after-school jobs, socializing with friends, extracurricular activities, and preparing…

At New Dimensions, we believe it is never too early to start teaching your children good savings habits. That is why we are pleased to include the Monty Moose Youth Savings Program in our offerings. There are many ways that…

Traditional and Roth IRAs are personal savings plans that allow you to keep more money for yourself and pay less to Uncle Sam. When choosing between a Traditional IRA and a Roth IRA, the question to ask yourself is: Do…

It's unfortunate, but each year many senior citizens are taken advantage of by someone close to them. Elder financial abuse is the exploitation of an elderly person's trust when someone else steps in to help with paying their bills and…

These days, your credit score is more important than ever. Not only are lenders using credit scores to price loans, but landlords and employers are also looking to these to judge an individual's character. Having insufficient or poor credit can prevent you from obtaining loans, and in some cases, from getting a new job or apartment.