Money Lessons For Kids Made Easy - For Free!
“When I was a boy of 14, my father was so ignorant I could hardly stand to have the old man around. But when I got to be 21, I was astonished at how much the old man had learned in seven years.”
- Mark Twain (attributed)
Sharing ‘your wisdom’ with your kids is great. Whether or not they’ll listen is a whole different story. But you would be surprised how much of what you share ‘sticks’ with them later in life – and they’ll look back thinking you were pretty darn smart after all.
If you haven’t already started, it’s more important than ever to not only teach your kids to save but to also learn the VALUE of money.
94% of Americans Failed a Simple Financial Literacy Test1
Americans Owe $1.1 Trillion in Student Loan Debt2
Americans Have $845 Billion in Credit Card Debt2
Less Than 17% of Parents Surveyed Say They’ve Spoken
to Their Children About Spending and Saving Habits3
84% of High School Graduates Wish Their Parent or Schools
Had Taught Them Financial Literacy3
Imagine what the difference would be if the parent/child talk about money had happened sooner.
At U.S. Eagle, you don’t have to go the teaching route alone. Our new online Banzai! tools – designed for ‘kids’ of all ages – can help. And they’re FREE for you to use.
If you need more reasons to teach some money lessons, we leave you with the following:
It costs an average of $233,610 to raise a child to age 18.4 That doesn’t include college.
GenY has the expectation that their parents will give them financial assistance until at least age 23 (today’s parent generation – you – believed they were in the clear until age 19).5
Over 50% of today’s parents are putting their retirement savings on the backburner to pay their adult children’s expenses.5
About 41% of today’s parents (you) received financial assistance from their parents for college, their first car, wedding and home purchase – 71% will now be helping pay those expenses for their (your) kids.6
So, starting some basic financial literacy lessons now isn’t just good for your kids – it will be good for you, too.
1,2Forbes.com, 3Nitro Research, 4U.S. Department of Agriculture, 5FinancialPlanning.com, CBS News, 6FinancialPlanning.com, CNBC