From piggy banks to budgets: How to pass down smart money habits

From piggy banks to budgets: How to pass down smart money habits

Teaching children about money at an early age can set them up for lifelong financial success, even if parents struggle with their own finances. Financial literacy advocates and consultants suggest parents start with simple budgeting and saving lessons, using engaging tools and real-life money experiences to build healthy money management skills. The post From piggy banks to budgets: How to pass down smart money habits appeared first on AFRO Ame…

FUNdraising Good Times: Fundraising Starts With the Family - Free Press of Jacksonville

Part One of a two-part series | With family reunion season just around the corner, it’s not too late to build a fundraising program into your reunion activities. Take time to build a family safety net, generational wealth, and a culture of philanthropy. As you create plans for your family reunion, we encourage you to include time to talk about the power of money. While some feel uncomfortable talking about money, we encourage you to talk about m…

From Piggy Banks to Budgets: How to Pass Down Smart Money Habits

By Tashi McQueen For many Americans, a conversation about money can be stressful, overwhelming and uncomfortable. Thinking about when and how to have that financial conversation with kids can be even more difficult, especially if no one in the family has a good relationship with money.  “We have to teach them to be their own financial safety net,” said Ebony Beckford, a financial literacy advocate and founder of Fin Lit Kids. “Statistically, mos…

Steer Parents Away from a Costly Guilt Trip

When Deana Healy was 13, her parents sat down with a financial advisor to figure out how to prepare for retirement and pay for college for her and her 11-year-old brother. “And I truly believe I’m here because they had that conversation with the advisor,” says Healy, who heads the financial planning and advice team at Ameriprise Financial and holds degrees from Princeton University and Wellesley College. “As a kid, you don’t know what your paren…