April is National Financial Literacy Month, and it’s the perfect time to start talking with your children—no matter how young—about financial basics. Although many schools are beginning to teach personal financial education, research shows that most children determine their attitudes about money by the fifth grade. So it’s imperative as a parent to take matters into your own hands to help set your child on the path to financial success.
While the financial world is full of acronyms and other terms that can be confusing, it’s important to be well versed. Below is a list of common financial terms that you’ve most likely heard but may not understand their meaning.
April is National Financial Literacy Month. It’s the perfect time to start talking to your kids about financial education and basic money matters. Parents are responsible for setting their children off on the right financial foot. However, research shows that only one-third of parents discuss financial issues with their kids. Additionally, only one out of seven parents believe their children have a solid understanding of financial matters.
April is National Financial Literacy Month, which makes now an ideal time to start planning activities that will support the national focus on financial education. The Pennsylvania Association of Community Bankers encourages parents, teachers and community leaders to shine a spotlight on this important topic in April and throughout the year.
By making financial education a family priority, children learn the value of budgeting, saving, investing and using credit wisely. For many, the path to financial success starts in the home, often by watching their parents’ buying decisions for the household. The following tips can provide the foundation necessary to help children make sound financial decisions for the rest of their lives.
Research shows that only one-third of parents discuss financial issues with their children, and only one out of seven parents believes their children have a solid understanding of financial matters. In addition, the majority of children determine their attitudes about money by the time they finish fifth grade. As a result, many states are beginning to emphasize the need for personal finance education for children. Below are ten personal finance principles that every child should know.
April is National Financial Literacy Month and your community bankers encourages parents to take this opportunity to teach your children the importance of financial responsibility. By making financial education a family priority, children will learn the importance of budgeting, saving, investing and using credit wisely. The path for financial success starts in the home and children learn best by watching the example their parents set.
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