Here are some tips to avoid common mistakes with kids around money. Talking to your kids about money Explore more stories that can help facilitate money conversations with your children and teens. Mistake 1. Believing your kids must have the same things as other kids Many parents talk themselv...
We asked Bob Juliano, Vice President and Director of Community Development at WSFS Bank and a financial education expert who has taught K-12 financial literacy to thousands of children, about the benefits of teaching children about money to help them build a solid foundation. Why should parent...
Many parents lament the fact that they were not taught about money as children. Unfortunately, as many of us know from personal experience, a lack of financial education can lead to a range of financial outcomes that are less than ideal. Luckily, you can prevent your kid from making the mi...
For instance, they know they need notebooks and pens to complete their education. Help them look at the size and price of these items. One week, look at the brand-name items, and the following week look at the generic version. Discuss differences and decide together which is worth the cos...
First, as an adult, it’s imperative you take matters into your own hands and teach yourself these topics if you ever want to get out of the rat race. And, if you’re a parent, you’ll need to provide this financial education to your children at home, on your own time, since you...
Help Them Fund Their College Education Helping your kids pay for college is one of the best ways you can help them out because it can set them up for a successful career. College can be very expensive, and tuition has only increased over the years, but a good education can really improve...
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Finance can be intimidating, even for adults. “Words like boring, confusing, complicated and scary are common when hearing someone describe money matters. You can imagine what children think of it,” he says. It will help if can bring some fun into the conversation, Brabham says. Relat...
Explore a variety of financial education resources and tools in this banking guide created to help students and young adults grow their financial knowledge.
“While high school is great for financial education, you do need to start earlier,” he said. Indeed, research has shown that people are gettingcreditat younger ages, and that financial habits developed in young adulthood tend to stick throughout life. Children form persistent habits with money...