With consumer debt causing millions of American families distress, it is a good time to start focusing on setting savings goals. Teaching your children to save from a young age may prevent them from joining the ranks of others totaling $858.4 Billion in consumer debt. This averages out to $7,194 per credit card in debt. Since 46% of Americans have credit card debt, learning how to save is more important than ever! Here are some ways to focus on saving at any age.
Take your children to a local bank and open a savings account. This is a simple way to teach elementary-aged children about banks, savings accounts, credit cards, checking accounts, and retirement accounts. While… » Read more