Helping kids appreciate money
Statistically, we as adults don’t do very well when it comes to managing our own money, so are we laying the right kind of foundation the generations to come? Watch this video a find out for yourself. Real statistics. Real solutions.
Read MoreCreating money-smart kids doesn’t happen overnight. It’s a skill and a behavior that has to be nurtured over time. The skill lies in learning the value of saving, giving, and spending conscientiously and understanding the difference between wants and needs. The behavior comes from the habits formed in doing these things over time and learning from mistakes.
Read MoreAn allowance is a great means to teach children how to manage money, develop budgeting skills and encourage independence. By giving an allowance and giving the child the responsibility to pay for the things they want and activities they like to do, it helps them see money is a limited resource and they must budget it wisely.
Read MoreDespite the down economy, there are several ways parents and teens can work together to save for college without taking out a second mortgage or losing the house.
Read MoreUSAA recently had webinar program with experts answering parents questions and providing tips around kids and finances.
Read MoreAlbert Einstein called compound interest the “eight wonder of the world”. Compound interest works like magic, with your money constantly feeding on itself to grow larger and larger. How does it work? It’s simple really. Interest is earned and paid not just on your principal, but also on all the previous interest earned. Your total balance grows faster and faster without you doing a thing.
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