3 Things to Teach Your Young Children During Financial Literacy Month

While the particulars of family finance practices may vary, one thing remains the same: kids need to learn how to manage money from a young age. And yet amazingly, many teenagers will graduate high school this year with no knowledge of budgeting, loans, credit, taxes, or managing bank accounts. Because of this, the responsibility for teaching money management falls to …

How to Help Your Children Create Financial Goals

Help your kids get ahead in life by teaching them the basics of financial responsibility at a young age. It’s never too early to teach them the value of working hard, saving money, and accomplishing goals, and you can use Financial Literacy Month this April as a chance to introduce some of these lessons that will encourage financial literacy for …

6 Family Goals to Set During Financial Literacy Month

Setting goals as a family opens up several learning opportunities as parents and children learn and accomplish together. Working together toward a common goal can open the discussion about the importance of serving others, being a team player, saving money, and being responsible citizens. Your family will grow closer as you develop important values together that will stay with you …

Is Your Family Financially Illiterate?

By Gregg Murset | April 3, 2017

Nearly one quarter of US states receive a failing grade when it comes to teaching kids personal finance in schools. Twelve states don’t attempt to teach it at all. Read More

Should I Pay My Kids an Allowance?

There are a lot of questions when it comes to the best way to raise your children. In fact, it may be one of the most debated topics out there — and for good reason. While everyone wants their kids to grow up and become upstanding members of society, the methods used to instill these values will differ with each family. …

Allowance – It Should Be About More Than Just Money

By Gregg Murset | February 24, 2017

Do your children earn an allowance for helping around the house (doing chores)? If not, then listen up because they should be.
During my more than 20 years as a Certified Financial Planner, I’ve heard plenty of reasons why a parent doesn’t want to pay an allowance for kids doing chores. Just none of them make sense if you are looking at the deeper meaning behind paying an allowance. Read More

Hey Kids, Did You Hear That? Probably Not!

By Mike Prusinski | February 9, 2017

Recently I was watching a TV program where a camera crew provided a behind the scenes look into one of the top college football programs in the country. This show does a great job of capturing the demands of being a college athlete, as well as, a college coach, on and off the field. In this episode, the head coach addressed his team after it just barely won a game against a smaller program. Read More

It’s Time To Admit It … We’re Stupid About Money

By Gregg Murset | January 25, 2017

Every day I see more and more evidence that we are totally stupid when it comes to money, and I’m not sure we’re going to get smarter any time soon. For example, according to the National Foundation for Credit Counseling’s (NFCC) “2015 Consumer Financial Literacy Survey”, 41% of adults gave themselves grades C, D or F with regard to their personal finance knowledge, 29% have not saved anything for retirement, 34% have no savings, 60% do not have a budget and 24% do not pay their bills on time. Read More

Chores Do More Than Keep Your House Clean

By Mike Prusinski | January 16, 2017

Growing up, my Dad would always tell me “You don’t understand it right now, but doing your chores is good for you.” How is the world was it good for me? Sure, I received a small weekly allowance (small by today’s standard) but there was no way that cleaning my room, mowing the grass or taking out the trash, was linked to some bigger plan. Right? Read More