Will your kids live in financial freedom or destructive debt?
That depends on whether or not they have learned the principles, skills, and discipline needed for effective personal financial management!
Why is Finance for Kids such an effective personal financial management training program?
- Finance for Kids is a program that teaches much more than just how to create a budget. This program trains kids (and adults) how to live within their financial means.
- More than just concepts, this program provides foundational knowledge, tools, and a step-by-step procedure for executing the program.
- Good financial management requires discipline. This program helps your kids establish good financial habits leading to a lifetime of Disciplined Financial Management.
- Kids do not generally learn on their own how to live within their financial means. They need to be trained. This program trains kids by having them practice good financial principles and skills over time. (Schools are not teaching this stuff!)
- This program is very simple to use.
- You only need to spend 15 minutes per financial interaction with your child.
Coming at this program as an accountant (for over 20 years) I was very happy with the flow of the program and the resources it comes with. I think it is very simple and easy to follow. It has all the elements I would like in teaching my kids how to set up a budget and understanding how money needs to be saved and spent. I’ve used the program for almost 3 months with Eli and he shows that he understands more and more how his money needs to work. I think the program lends itself easily to fit how the parent wants to categorize savings. Also, I think it works well for kids as they get older and they may have more categories to save for. The time you need to spend using and teaching this to kids is not that much and can be tailored for each child.
- Chris, Walworth, NY
Why should you train your kids in personal financial management?
Because it’s one of the most important things you can do to prepare them for their future!
What is the difference between financial freedom and destructive debt?
When you properly manage your money, you have a level of financial freedom that provides for so many benefits in life. For example, you can invest in things that increase the money that you have. This allows you to save for your future. You can give extra money to charitable causes that you care about. You can do more things that you like to do. When you encounter difficult financial times such as increases in expenses (e.g., gas prices) or the loss of a job, you have money set aside to get through the challenges. In a nutshell, when you properly manage your money, you control your finances.
On the other hand, when you mismanage your money (even if you have a large income or significant wealth) you’re heading for serious problems. You will have limited ability to pay your bills when financial times get tough, unless you enter into debt. You will have limited ability to invest in the future or the community. You will not be able to do some of the fun things that you really want to do. You could establish bad credit or even go bankrupt. On top of all that, the stress of financial difficulty can contribute to problems with your spouse, family, and friends. The bottom line is this: when you mismanage your money, your finances control you.
Why do people struggle with financial management?
There are many reasons for this. However, when people mismanage their money, it is likely because they were never taught to develop good financial habits.
What can you do to help your kids learn financial management?
You can actively train your kids in Disciplined Financial Management. Finance for Kids is a simple program that will help you train your kids, and maybe yourself, to develop good financial habits leading to a lifetime of Disciplined Financial Management!
