Raising Money-Smart Kids

Posted by BALANCE on Apr 15, 2021 11:24:53 AM

Every year, American children receive over $15 billion in allowance, gifts and wages – reason enough to start teaching children money management and consumer skills at a young age. The following tips can make the difference between a child who grows up to be financially secure – and one who isn’t.

Teach by example: The best way to instill good financial habits is by “walking the talk.” For instance, when you go shopping, include your kids in the process – planning, budgeting, and comparing prices and quality. If they urge you to buy something that is over budget, explain that spending more on the item you’re purchasing today is not as important as saving up for something else you need or want in the future.

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Topics: Youth Education, kids, family

The Most Important Lesson You Can Teach Your Children

Posted by Bethany Dutcher, VP Marketing on Jul 18, 2014 11:48:16 AM

By a show of hands: Did your parents teach you how to balance a checkbook? To use a credit card responsibly? To save for retirement?

If you’re like most people, very few of you raised your hands. In fact, most of us just learned by doing and made a lot of mistakes in the process. (I know I did, and I messed up a lot!)

Here’s the truth: teaching your children about money, budgeting, saving and planning is one of the most important things you can do as a parent. In fact, the earlier you start introducing these concepts, the better.

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Topics: General, Saving, Youth Education

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