View Post

Giving Tuesday Can Be A Springboard To Help Kids Become Charitable

In Blog by Gregg Murset

As of 2016, the U.S. government stated that the average household consists of 2.53 people. In our family, we have eight, so I guess we are not quite what you would call “average”. When you have a large family, the holiday season presents great opportunities and also some unique challenges. I’ll be honest it can all get a little overwhelming. Getting a family photo taken, sending out cards to friends and family, getting out all …

View Post

Financial Future for Your Kids and Yourself

In Blog by Gregg Murset

October is National Financial Planning Month and the statistics paint a gloomy picture of American’s ability to successfully manage their financial futures. 77% of adults live in states that score a D or F grade in personal finance comprehension based on data from The Center for Financial Literacy at Champlain College. The Federal Reserve Bank of Boston published a study finding 65% of credit card users don’t pay off their bill every month. The number …

View Post

Raising a Cents-able Kid Takes, Just You

In Blog by Gregg Murset

Teaching kids some skills like how to drink from a cup or tie shoes comes naturally to parents. While others, like algebra, personal finance, and chemistry, most parents would rather leave to the experts at school. Unfortunately, a study from Harvard, Wellesley College and the Federal Reserve Bank of Chicago found that personal finance courses in school have no effect on savings or investment behavior indicating that most money habits are learned largely from parents. Less than ideal …

View Post

New View of Summer Jobs for Kids

In Blog by Gregg Murset

Pew Research Center reports that in 2014 less than one-third of teens had a job. While some of the declines has been attributed to more teens participating in unpaid volunteer work to fulfill a graduation requirement or boost a college application, others simply cannot find work. That does not mean parents have to let their kids spend the summer lounging or staring at a screen playing video games and browsing social media. Instead, they can …

View Post

Is Your Family Financially Illiterate?

In Blog by Gregg Murset

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. This could be one of the reasons that only 35% of credit card users don’t carry a balance and pay off their bill every month, and that only 1 in 3 Americans is saving for retirement. We don’t expect kids to learn how to read, write …

View Post

No Work Ethic Is Like Having A Lifetime Participation Trophy

In Blog by Gregg Murset

I hate participation trophies! The participation trophy attitude is one of the reasons we’ve raised (and are still raising) a generation of kids who believe that just because they show up or are on the team, they are entitled to all the honors and rewards. While the intent might have been good, for the most part, we have unleashed a new workforce that now demands higher pay, more days off, flexible hours and less expectations …

View Post

Allowance – It Should Be About More Than Just Money

In Blog by Gregg Murset

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. We all need the motivation to …

View Post

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

In Blog by Gregg Murset

Every day I see more and more evidence that we’re 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 …