Teaching children to save money is an essential skill in life and an ever-evolving process even as they enter adulthood. A study by Bankrate indicates that 27% of adults have no savings. Teaching young people to save early sets them up for financial success for life and puts them in the driver’s seat to make […]
Paying Down Debt is Saving
It seems counter-intuitive that paying down debt is indeed saving. We tend to think that if we are not directly putting money into a savings or retirement account, we haven’t gained anything. Reports from Ramsey Solutions using data from the Federal Bank Statistics and U.S. Census Bureau indicates that the average credit card debt per […]
