Children & Money

Want your children and grandchildren to have a prosperous future? Teach them about money early. For instance, develop a savings plan because saving money can often be as difficult as earning it. Offer a match or mutually agree on a percentage to be saved. Teach them about investing because waiting to start investing until that first full-time job may not be enough anymore. Introduce taxes, diversification and compounding returns. And, discuss charitable giving because, in addition to saving, spending & investing, sometimes we choose to give some away. It’s never too early to start and summer jobs offer excellent opportunities to learn about money, savings, investing and charitable giving. Good luck!