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Parents of young children usually have more places that their money needs to go than they have funds to cover every current and future obligation. You can help them sort out where to put each and every dollar each month so that short-term concerns are addressed, yet long-term goals are still achieved. Here’s how parents should distribute their income on a month-to-month basis and how to save for retirement (and college) along the way.

Source: Six Steps to Help Parents Prioritize Their Paychecks

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