Kid’s Finances
The statistics jump out at you. In a recent nationwide survey which tested high school seniors’ knowledge in basic areas about money, the average score was 57 out of 100, a failing grade by any standard. In the survey, the students were asked questions on a wide range of topics and concepts, including money management, taxes, retirement, investing and credit.
One of the greatest gifts we, as parents, can give our children is a basic understanding and grasp of personal finances. Impart this financial legacy to them and they in turn will teach their children. Here are some key strategies to lay the groundwork.
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