By the time my kids hit middle school, their money habits were mostly set.
This is backed up by research at Cambridge indicating habits are formed by age 7 โ help your children get ahead:
https://t.co/kuKqVJZiMK
#EarlyLifeInvestments#FamilyFinance#MoneyHabits
Cambridge researchers found money habits are largely formed by age 7.
Not taught in school at 17... formed at home by age 7.
What does this means for your house:
https://t.co/wbiDdR8KCs
The kitchen table has always been the most powerful classroom. ๐
Kids learn their deepest money habits at home โ not in a classroom. You don't need to be a financial expert. You just need to start the conversation.
#FinancialLiteracy#MoneyHabits#FamilyFinance#ParentingTeens
Early Life Investments is live!
Practical money guidance for teens, young adults, and families โ budgeting, saving, debt reduction, and investing basics.
https://t.co/m0jLUixzPu
#PersonalFinance#MoneyHabits
How much should you have in savings in your 20s? Avg individual cost of living is $3700/month, so ~$25k. The article is absolutely wrong. If you live with your parentโs it shouldnโt be less than those on trying to make it on their own! https://t.co/DG2Xj02xL5
Saving for retirement when youโre just a teenager can feel challenging, and useless, but there are very good reasons to start early. Compound Interest and Dollar Cost Averaging are what allows investing small amounts over a long period (40+ yrs) work. https://t.co/AblUZpe9OI
The benefits of compound interest on the growth of savings couldnโt be any clearer. Starting early and using time is the smartest thing you can do. https://t.co/ps6VMpsOj5
A modification to an allowance system that could be helpful in teaching kids about responsibilities and earnings while developing the concepts of saving and planning ahead. https://t.co/Mm6in9WhYb