Nancy Itzel May 1, 2020 Money Worksheets
Once my son started working a real job and had taxable income, I made him a deal that if he started an IRA with $500 and $50/month, I would match for the first year. After a couple education sessions, he jumped on it! It's a great way to jump-start their retirement savings AND further teach the greatest wonder of the personal finance world: compound interest.
As parents do, kids will do. Taken as an extrapolation from the popular saying, "Like Father, Like Son," there's some truth to what we do as parents, our kids will take into their adulthood. So instill good habits now for lifelong benefits.
Although preschool workbooks are popular, many parents like the convenience that is associated with printable preschool worksheets. The only problem with printable preschool worksheets is that they can use up a lot ink, especially if the selected preschool worksheets are in colored ink. To save yourself money and printer ink, you may want to search for preschool worksheets that are in black and white.
I'm not a proponent of young kids investing in the stock market. But as they get older you can encourage them to think about saving for their future and retirement. Show the older kids stock charts from the past 50-60 years and note the strong upward trend over long periods of time. With 50+ years before they retire, and by starting to save a little bit now, the Compound Interest will kick in big time!
Are you the parent of a toddler? If you are, you may be looking to prepare your child for preschool from home. If you are, you will soon find that there are a number of different approaches that you can take. For instance, you can prepare your child for social interaction by setting up play dates with other children, you can have arts and crafts sessions, and so much more. Preschool places a relatively large focus on education; therefore, you may want to do the same. This is easy with preschool worksheets.
Encourage your youngsters to save at least 10% (a good benchmark through adulthood) of every dime they receive. The money can be put in a local bank or credit union for saving for special items, Christmas presents, or some other goal the child sets.
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