Thursday, September 12, 2013

Tip of the Day

Teach your kids about money.

Explain to them how checking, savings, mortgage and credit card accounts work.

Take them shopping with you, even though that can be a nightmare, and show them how to shop frugally and how to comparison shop.

Open a savings account for them. Online banks, like Capital One 360, have $1.00 minimums and pay better rates than traditional banks.

Teach them to be charitable and how to tithe their money and time.

Teach about 'wants' vs, 'needs'.

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