Teaching kids about money may not come naturally to most. But like any skill in life, giving your kids hands on experience when they are young will pay dividends later (pun intended). Below you’ll find four simple ways to teach good money habits.
Numerous studies have proven that children who get a basic understanding of financial concepts early in life are much less likely to have financial difficulties later in life. It may be surprising how many opportunities that parents have to teach their children about financial matters early in life.
None of us are perfect when it comes to good money habits. But that doesn’t mean we can’t do our best to impart smart financial basics to our kids. Below are a just few practices you should avoid!
Another year has come and gone. And while it’s exciting to think of the New Year and new beginnings, there is also value in reflecting on the past. From a financial perspective, taking a look back at 2015 can help you lay the foundation for moving forward in 2016.
The world of banking can be a bit confusing for a child. When you talk with your kids about money, keep in mind a few basic principles!
For those with kids and living parents, financial pressures could very likely come from both generations sometime in the future, hence the term of being a member of the sandwich generation. Planning now can help lower the possibility of this becoming a stressful financial situation.
The first six months after graduation are a key time in a college grads financial life so whether you are the graduate or have a child graduating there are a few financial steps that can really improve the probability of having long term financial success. Don’t make early mistakes that can lead to a lifetime of financial setbacks.
Studies have shown that talking financial matters with your children can help them avoid financial pitfalls in their future. It really is almost never too early to start talking to your kids about the money. And your modeling of responsible financial decision making is a great teaching tool.