Becoming a new parent is one of the most exciting things that can happen in your life. It can also be very disorienting as you try to take care of a new human, manage your relationship with your partner, and adjust to your new role and identity.
It's never too early to start teaching kids about money. Good skills, that are learned at an early age, can have a lasting impact for the rest of a child's life. In fact, this is one of the most important areas where you can truly change the course of your child's life. Educating your children about financial wellness, will help them build healthy spending habits for the future.
It can be daunting for any parent to give new responsibilities to their children, whether it is their own car, full access to the internet or cable, or trusting them while they are out with friends. Similarly, giving your teen the responsibility of a credit card is a task that requires careful consideration.
As parents we all want to teach our kids the best habits possible to help them grow into happy and healthy adults, that includes nurturing financial health. Sometimes it can be hard to gauge exactly what financial concepts to teach our children at different ages. Here is a quick guide to help you start your kids on the right financial path for life at any age.
April is Youth Month at First Alliance Credit Union, and we want to help you picture your child’s future, full of potential, that begins by starting good money habits today. All month long there are savings specials, giveaways and chances for your child to win up to $500. Check out all the important details below to learn how you can save and celebrate with us this month.
It may only be July, but it is already time to start thinking about the second largest shopping season of the year, back to school shopping. Especially with the Rochester Public School calendar starting a week earlier this year (which my 13 year old is not happy about I will add). This time of year, with new clothes to buy, supply lists that get longer every year, and lunch accounts to replenish, it can get expensive for families fast!
Even with unemployment and national debt at all-time highs, it's still shocking when your family faces a job loss or other financial setback. Most of us experience the emotional impact of money at some point in our lives. And, when adults are hit with a financial crisis, our children are impacted whether we realize it or not.