It’s almost summer and for people of all ages that usually means vacation and an opportunity to create a financial problem. Overspending on vacation is often one of the top five money blunders people of all ages can make.
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 just how many opportunities parents and grandparents have to teach their children about financial matters early in life.
Of the 148,773 FORUM members, more than 9,000 are under the age of 18. We are grateful so many FORUM parents have passed along the benefits of Credit Union membership to their children. Our purpose here at FORUM is helping members live their financial dreams, and it has been well documented that saving money at an early age dramatically aids in achieving one’s financial dreams.