As our digital economy grows, consumers are paying a heavy burden in costs associated with identity theft and credit/debit card fraud. According to a report by Javelin Strategy & Research, 15.4 million consumers were victims of these crimes in 2016, up 16% from 2015. Continue reading “Young financiers in the making need to know about ID theft”
Financial literacy is an important lesson all parents want their kids to learn. From textbooks, tuition and library fees, it all adds up for a college student. A credit card can help your student build credit and discover a new level of responsibility while covering some of their new expenses. Continue reading “What to Know Before Getting a College Student a Credit Card”
Science has taught us that children are like sponges – they soak up the most information when they are young. Linguistic experts always note that children who grew up hearing phonemes of other languages have an easier time learning the language when they are older. The same is true when it comes to learning about finances. The bottom line is: children pick up habits when they are young and it shapes who they are as adults.
Now, I am not advocating for you to sit your three-year old down to help you balance your checkbook – although, I would be impressed if they could do it! However, there are other ways to teach your children valuable lessons on saving, such as: