Marie Maritch, Raquel Brown, Michael Madden presented at Texas Roadhouse #Allentown #creditrepair
News From Lehigh Valley Elite
Network
Texas Roadhouse Event at 6268
Hamilton Blvd, Allentown 18106 on Tuesday March 25, 2014
Marie Maritch (www.magellanlv.com)
presented the following:
Ten Tips for Raising Financially Responsible Children
1. Set a good example for your children - Make sure that you have the proper money management skills and are making good decisions in your own financial life.
2. Make money conversations a part of everyday life -Be open with your children about the value of money. Focus on choice and opportunity. Small purchase vs. bigger purchase. Encourage delayed gratification.
3. Be open about family finances - Do not hide family finances. Speak openly about budget choices (comparison shop), goals (vacations), investing, and credit.
4. Use visual aids for teaching financial responsibility - Use a money jar for family to save (use coupons/sales savings to give "bonus,") cash paycheck and show how it goes to taxes and bills, have kids create posters, charts, etc.
5. Use an allowance as a tool for understanding - An important tool in teaching basic budgeting and saving skills. While the parents will provide guidance, allowing your child to manage this money will help their skills grow.
6. Open a savings account and then a checking account when appropriate - Explain to children how compound interest works along with showing them through their own savings account. Once they are ready, open a checking account for them.
7. Teach teens about credit - While the first car purchase is a good place to start, you may also want to teach younger children how credit works with the "Bank of Mom. And Dad"
8. Teach children about investing - This should start at an early age. For younger children this could be saving for a "big" purchase. Over time, however, this should lead to actual investing.
9. Allow your children to make money mistakes -Bailing out your child from a bad decision will teach the wrong lesson. Allow them to make mistakes early in life with small financial decisions (you are the bank).
10. Teach your children to set financial goals - saving a certain amount of money by certain day, staying under a dollar limit when shopping
For more information, go to //magellanlv.com/educational-resource/
Ten Tips for Raising Financially Responsible Children
1. Set a good example for your children - Make sure that you have the proper money management skills and are making good decisions in your own financial life.
2. Make money conversations a part of everyday life -Be open with your children about the value of money. Focus on choice and opportunity. Small purchase vs. bigger purchase. Encourage delayed gratification.
3. Be open about family finances - Do not hide family finances. Speak openly about budget choices (comparison shop), goals (vacations), investing, and credit.
4. Use visual aids for teaching financial responsibility - Use a money jar for family to save (use coupons/sales savings to give "bonus,") cash paycheck and show how it goes to taxes and bills, have kids create posters, charts, etc.
5. Use an allowance as a tool for understanding - An important tool in teaching basic budgeting and saving skills. While the parents will provide guidance, allowing your child to manage this money will help their skills grow.
6. Open a savings account and then a checking account when appropriate - Explain to children how compound interest works along with showing them through their own savings account. Once they are ready, open a checking account for them.
7. Teach teens about credit - While the first car purchase is a good place to start, you may also want to teach younger children how credit works with the "Bank of Mom. And Dad"
8. Teach children about investing - This should start at an early age. For younger children this could be saving for a "big" purchase. Over time, however, this should lead to actual investing.
9. Allow your children to make money mistakes -Bailing out your child from a bad decision will teach the wrong lesson. Allow them to make mistakes early in life with small financial decisions (you are the bank).
10. Teach your children to set financial goals - saving a certain amount of money by certain day, staying under a dollar limit when shopping
For more information, go to //magellanlv.com/educational-resource/
Raquel Brown (www.ccenterprise.net)
gave an overview of her service to Restore Your Credit Today!
Also gave insights on her firm of experienced, highly qualified,
and discreet professionals, with excellent references and are
board certified credit consultants. Consultants that are trained
in consumer credit, money and debt management as well as
budgeting.
Michael
Madden (www.mmadden.legalshieldassociate.com)
from the Lehigh Valley Elite
Network presented the new
Guest Invitation Card designed by Sarah
Brush from Calico Owl
Creative and provide Howard
Gilbert (Printer)
from Cantone Press.
CLICK HERE for Photo Alblun One
CLICK HERE for Photo Alblum Two
For more details, see us at www.lehighvalleyelitenetwork.com
Follow us on FACEBOOK, TUMBLR, TWITTER, LINKEDIN, BLOGGER, YOUTUBE, WORDPRESS.
Follow us on FACEBOOK, TUMBLR, TWITTER, LINKEDIN, BLOGGER, YOUTUBE, WORDPRESS.
Contact info: Michael Madden , michaelmadden@aol.com
