Savings Habits

Here are some ways to teach your children smart savings habits :

1. Problem Your kids say a low interest savings account offers them little incentive to save. Solution Agree to match 50-75% of their savings once their accounts reach pre-set goal.
2. Problem You give your children a generous allowance, but they still come to you for movie money and games purchases. Solution Establish expenses that your kids must cover.
3. Problem When you tell your kids to sink or swim with expenses - they sink. Solution Advance them funds for overlooked essentials, with a plan of repayment.