managing in tough times “bits & tips” youth: time value of money
TRANSCRIPT
Managing In Tough Times
“Bits & Tips”
Youth: Time Value of Money
Money Management Skills
• Everyone needs to know!• Parents should educate children
about money at an early age. • Let kids brainstorm ways to save
money.
Setting Financial Goals• Teach children the importance of
making wise financial decisions.• Help your child choose a financial
goal.• Brainstorm ideas of how to save
money.
Saving Thermometers
• Create saving thermometers with financial increments to color as you reach your financial goal.
• Visualizing the end goal and the progress made towards the goal makes the goal more attainable.
Be an Example
• Children are led by example. • Your kids will pick up your values,
attitudes, and money habits by listening and watching you.
• Set a financial example that you would be proud for your children to follow!