Quick question: if a scammer was trying to pull off a con on two groups of people, one aged 13-21, and one aged 55+, which group is more prone to loss?
If you’d guess the aged 55+ group, you might want to reconsider.
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Children enrich our lives in so many ways, but they sure don’t come cheap! Every parent knows that expenses start the moment the pregnancy test comes back positive.
Managing money is a crucial life skill that takes years to master, making it essential to start teaching kids about financial responsibility early.
Chances are, no matter how young your child is, they know (at least in a basic way) what a bank is. But do they know what a credit union is?
Getting your kids involved in the family finances can let you take care of your responsibilities and spend time with your children at the same time. Making financial fitness a game can help it be more of a fun activity and less of a chore.
Learning the difference between needs and wants early can help you make smart choices! Needs are things you must have, like food and clothes, while wants are the fun extras, like toys or treats.
For most people, a savings habit does not come naturally. It needs to be acquired and practiced. Teach your kids those saving smarts now when they’re young to help make it a lifetime habit they’ve already mastered by the time they hit their 20s
Talking to your kids about the family budget can help them understand the value of money and why choices are made. It’s a great way to teach them about saving, spending wisely, and working together to reach family goals!
Teaching your kids that money comes from hard work is an important lesson for them to learn.
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