Teaching Kids About Money

Teaching Kids About Money

How to Teach Kid the Value of Money

by Gregg Murset, CFP

Love them or hate them, New Years Resolutions do make you think about the future. According to a 2012 survey by University of Scranton, an estimated 190 million Americans create a yearly list of things to do or improve upon. If by chance one of your items is to create a financial plan, live on a budget or get debt under control, then January is the perfect month for you to since it’s National Financial Wellness month in the U.S.  MyJobChart.com CEO Gregg Murset recommends making resolutions that are achievable for you but can also serve as teachable moments for your children.

To help move your children in the right direction in 2014, Murset suggests:

No More Hand Outs

Decide you are not going to just shell out money to your kids anymore.  When they come to looking for money, let them know that they will have to work for it. Tying work and reward together in meaningful ways will help them understand responsibility and accountability.

7 Tips on When to Buy Generic or Name Brand

generic or name brand

Save or Splurge? When to Buy Generic or Name Brand

by Andrea Woroch

Corporate spending on marketing and advertising is the number-one reason name-brand products are pricier than store brands. Sometimes, this investment turns sour and leads to legal repercussions. Kellogg recently settled a class-action lawsuit for misleading marketing claims about the health benefits of its popular Frosted Mini-Wheats cereal.

Since buying store-brand items can save consumers up to 30 percent, parents infuriated by this lawsuit may be inclined to go all generic. However, some name-brand products are actually better values than their generic counterparts. Here’s a handy reference list to help you determine when to save and when to splurge.

The Saving Seed: Growing a Financially Healthy Family Tree

by Liz Mangelsdorf

“We must give to others and the world.  It is not ours to own and we must leave a positive impression as we pass by on our journey.”

Local entrepreneur, mother and community leader takes her passion to the presses.  Ashley Parks, CFP®, has released her new book: The Saving Seed: Growing a Financially Healthy Family Tree to help families and communities uncover what financial roots they have and how to model positive financial behaviors with their children.

Ashley is actively involved in her community and feels deeply that we are all products of our surroundings.  We all have a personal root system that has been developing throughout our lives.  Ashley’s career has offered her amazing insight into the personal lives of individuals that she comes in contact with on a daily basis.  That insight, along with her own personal journey, spurred her to put her passion on paper.  The stories and personal experiences over her career motivated her to write a book geared towards helping families gain not only personal well-being, but financial well-being too.  The Saving Seed is Ashley’s gift to others.  Her philosophy on life is one of becoming self and becoming greater than our temporal world suggests.  “What can we do that will positively impact others and allow us to grow?”