Money skills and habits are greatly influenced by the behavior and values of parents and caregivers. It’s important for youth to learn and practice money skills while young. This allows youth to learn from their mistakes while the risks are low. Skills like setting a goal, prioritizing needs vs wants, setting up a savings and […]
Saving at any Age
The word “savings” initiates a wide range of responses from individuals. Some might think of savings as a passport or roadmap to their future or being more prepared for life’s hiccups. Youth may hear the word savings and wonder what that really means for them; while others may think about savings and feel anxiety or […]
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 […]
