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What to tell your kids

Join us on April 29, 2011, to discuss why teaching kids about financial health is crucial. Discover the impact of money issues on divorce rates and the staggering US consumer credit and bankruptcy statistics. Learn practical tips on needs vs. wants, setting goals, budgeting tools, banking options, credit reports, and smart money management steps. From emergency funds to retirement savings, college funds, and wealth-building strategies, empower your kids for a successful financial future.

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What to tell your kids

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  1. What to tell your kids Financial Health Workshop - April 29, 2011

  2. Why talk about it? • If you Google “money” – 2,130,000,000 references online • 57% of divorces claim money issues as the reason why • As of Feb, 2011 – current consumer credit in US - $2.42 trillion • U.S. Bankruptcy filings up 27.4% in 2010 over 2009 (includes both business and consumers) • 2,350 versus in the Bible on how to handle money and possessions.

  3. Topics to cover • Needs vs. Wants • Short term and long-term goals • Budgeting, cash, envelope, mint.com • Banks – free accounts • Credit Unions • Annual Credit Report • Savings

  4. Steps to smart money management • Establish an emergency fund - $1,000 • Pay off all debt using the debt snowball • 3 to 6 months of expenses in savings • Invest 15% of household income in retirement account • College fund for children • Pay off home early • Build wealth and give

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