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Teaching the kids how to save? Check this out.
Teaching the kids how to save? This one came up at our house recently and it turned into a full-blown financial planning debate between my wife and me. When should your kid get a bank account? And maybe just as important… where should you open it? First… where? Don’t open it at Chase or Wells. The rates are awful and the whole experience is way harder than it needs to be. Use an online bank. It’s easier, faster, better rates, and your kids probably won’t even know what cash is anyway. Now… when? Short version: it’s not about age. It’s about readiness. They need to understand: • Basic math • Delayed gratification • And the magical concept of watching money grow For most kids, that starts somewhere around 6–8 years old. And when you’re ready to make it really fun… 💡We call it the “Family 401(k)” (not an actual tax strategy — just a fun way to help kids see the reward of saving and build the right expectations for when they start working someday). That’s where mom and dad “match” part of what they save so they immediately feel the benefit of good financial behavior. Saving suddenly becomes a game. And the lessons stick for life. Curious what age feels right in your house? Drop it in the comments 👇 #ParentingAndMoney #RaisingMoneySmartKids #FinancialPlanningForFamilies #FamilyFinance #MoneyLessons #KidsAndMoney #WealthBuilding #FinancialEducation #FutureFocused #TeachingKidsMoney #GenerationalWealth #FinancialWellness #LifeAndMoney
Thinking about selling a business? The amount you can bank on might surprise you.
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Thinking about selling a business? The amount you can bank on might surprise you.
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