Do Your Kids Know The Value of a Silver Spoon?
You taught them how to read and how to ride a bike, but have you taught your children how to manage money?
The average debt for student borrowers is $40,499. And nearly 11% of new graduates will default within the first twelve months of repayment.1,2
For current college kids, it may be too late to avoid learning about debt the hard way. 但如果你家里还有孩子, save them (and yourself) some heartache by teaching them the basics of smart money management.
进行对话. Many everyday transactions can lead to discussions about money. At the grocery store, talk with your kids about comparing prices and staying within a budget. At the bank, teach them that the automated teller machine doesn’t just give you money for the asking. Show your kids a credit card statement to help them understand how “swiping the card” actually takes money out of your pocket.
让他们活下去吧. 津贴计划, where payments are tied to chores or household responsibilities, can help teach children the relationship between work and money. Your program might even include incentives or bonuses for exceptional work. Aside from allowances, you could create a budget for clothing or other items you provide. Let your kids decide how and when to spend the allotted money. This may help them learn to balance their wants and needs at a young age when the stakes are not too high.
Teach kids about saving, investing, and even retirement planning. 鼓励青少年存钱, 你可以提供一个配对项目, say 25 cents for every dollar they put in a savings account. 一旦他们节省了1美元,000, consider helping them open a custodial investment account, then teach them how to research performance and ratings online. You might even think about opening an individual retirement account (IRA). Some parents offer to fund an IRA for their children as long as their children are earning a paycheck.3
As you teach your children about money, don’t get discouraged if they don’t take your advice. Mistakes made at this stage in life can leave a lasting impression. Also, resist the temptation to bail them out. We all learn better when we reap the natural consequences of our actions. Your children probably won’t be stellar money managers at first, but what they learn now could pay them back later in life – when it really matters.
1. EducationData.2023年8月20日
2. EducationData.2023年8月27日
3. Once you reach age 73 you must begin taking required minimum distributions from a Traditional Individual 退休 Account in most circumstances. Withdrawals from Traditional IRAs are taxed as ordinary income and, 如果在59岁半之前服用, may be subject to a 10% federal income tax penalty. Contributions to a Traditional IRA may be fully or partially deductible, 这取决于你调整后的总收入.
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