Help your kids get financially fit in the new year
By Kavita Kamdar | Head, Chase First Banking, Atlanta Voice Multiple studies have shown that the earlier kids develop healthy money habits, the better our prospects of having strong financial health into adulthood. According to research, we start grasping money basics when we are 3. This gives us a great opportunity to introduce conversations about ways to save, think about spending, and the value of money early in our kids’ lives. It used to be that children learned about money when shopping out with parents, but as more transactions happen
At-Home Financial Literacy Lessons For Children
As appeared first in the Michigan Chronicle Numerous surveys show that many Americans live paycheck to paycheck, have little saved for retirement, and lack fundamental financial knowledge. Part of the problem, experts say, is that financial literacy has not been emphasized in American education; only 21 states require high school students to take a personal finance-related class. If parents want their children to learn the value of money and how to avoid financial problems as adults, the education has to start at home, says Steve Kruman, a financial planner