May is the time that many young adults are ready to venture into the world armed with a degree and hopefully soon a great job. With all of the excitement, financial matters are often forgotten which can be detrimental to their long term success. This is a critical time financially speaking for young adults.
Studies have shown that obtaining basic financial knowledge early in life can increase the chances of being financially successful as an adult. If you have kids, you should have a plan for how you intend to teach them the money skills they will need throughout life.
It’s never too early to start teaching your child or teen good financial habits. That’s why FORUM celebrates National Credit Union Youth Month™ in April. This is the perfect opportunity to focus on the financial needs of young people and teach them the benefits of saving money and setting financial goals. FORUM is committed to helping kids become financially aware and instilling strong financial habits.
No matter the age of your child, it’s never too early to start teaching them the three principles of money: saving, spending, and sharing! The more they understand at an early age, the better equipped they’ll be to make wise financial decisions later.