Teaching Children Savings
Updated: January 7, 2009
THE SUMMER MONTHS MAY BE THE BEST TIME TO TEACH A CHILD FINANCIAL RESPONSIBILITY AS MANY ENTER THE TEMPORARY WORK FORCE WITH SUMMER JOBS
HERE TO DISCUSS "FISCAL FITNESS" FOR TEENS IS CERTIFIED FINANCIAL PLANNER, CURT ANDERSON:
Q: HOW DO YOU GET THE POINT ACROSS?
Example #1:
Place $500 in a ROTH IRA.
in 47 years @ 8% = $18,600.
Example #2:
Invest $4 per day in a ROTH IRA.
in 47 years @ 8% = $760,000
Q: WHERE CAN PARENTS GO TO GET HELP OR IDEAS ABOUT TALKING WITH THEIR CHILDREN
"The Financially Intelligent Parent"
Jon & Eileen Gallo
New American Library $12.95
JH 7/11
