“As parents we need to talk to our children daily about money matters. As we want our children to understand the value of a Buck that they will grow up fiscally responsible. We do not want finances to be taboo so our children are should be welcome to ask us anything at any time about our money and generosity” –Paul Ebeling
- 69% of parents discuss their financial mistakes to teach their children about money
- 58% of parents let their kids make bad financial decisions so that they can learn from their own mistakes
- 52% of parents think kids should have their own credit card to learn about managing money
- 58% of parents with credit cards carry a balance at least occasionally
- 61% of kids think their parents worry about money
- 82% of parents say they set a good financial example for their kids, but 72% of parents have some reluctance about talking to their kids about financial matters
- 39% of parents say they have used money to bribe their kids
- 71% of parents say they have used money as an incentive for kids
- 22% of parents want their kids to be financially independent at age 18
- 85% of parents have expectation for what type of career their children will have, but only 41% of kids have expectation about their future job
- 85% of parents expect their kids to go to college and 53% of parents regularly save for their kids to go to college.
“Do all the good you can,
By all the means you can,
In all the ways you can,
In all the places you can,
At all the times you can,
To all the people you can,
As long as ever you can.”
— John Wesley, Letters of John Wesley
The treasure of living in the giving!
Have a prosperous, happy weekend, Keep the Faith!