Anyone know of a good system to learn to be reasponsible with money. We just cant seem to save and I dont want my children to learn bad habits when it comes to money
Dave Ramsey's financial books are a great starting off point!
Openng a basic savings account at your bank and either manually or via Direct Deposit dsignate a small part of your paycheck(s) to be added to that account--small enough that you don't miss it! Maybe start with $50 per paycheck and forget about it! It's amazing how quickly that $50 per check multiplies! Later you can "upgrade" to CDs, mutual funds, money market accounts, etc.!
Many banks also offer Junior savings accounts, where they can count and deposit loose change at the bank and they get a "savings account" book, so they too can learn about saving money for things they REALLY want!
Answer by LoriKeet at 1:53 PM on Dec. 31, 2010
Answer by sarasmommy777 at 1:54 PM on Dec. 31, 2010
Answer by mommy2joeynabby at 2:38 PM on Dec. 31, 2010
Answer by slw123 at 4:22 PM on Dec. 31, 2010
Answer by LoriKeet at 1:36 PM on Jan. 1, 2011
Answer by Erica_Smerica at 10:12 PM on Dec. 31, 2010
Answer by IraqiVetWife at 12:54 PM on Jan. 1, 2011