For most people, when they think about having a bank account, they assume that it’s just your basic checking or savings account. However, there are so many options when it comes to depositing money at your local bank. From the traditional checking and savings to CD’s and money market accounts, you can be sure that there is an account to meet all your needs. Continue reading “Where should I keep my money? Not all Accounts are the Same!”
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: