As of June 7, 2021
Summer is a great time to save.
School is winding down and soon kids will have more time to help with household chores, open a lemonade stand, mow neighbor’s lawns, or apply for a summer job. Teach the children in your life how to save by talking about it early and often.
Help kids form good lifelong saving habits.
Here are a few tips to get started:*
- Talk about money (this newsletter is a great resource)
- Discuss needs vs wants (for little ones, download these fun coloring pages)
- Have them earn money from chores or a summer job
- Set savings goals (and maybe offer milestone incentives)
- Be a savings role model
Have questions or looking for a little help with your savings plan? Lesley Warn, Financial Wellness Coach is available to chat about all things money management. Get in touch with Lesley.
*Source: American Bankers Association