Pass on the Savings
Here are some tips to help you talk to your children about money.
Saving for Yourself and Others
The more you know, the more you save.
How much do you know about money management? According to a recent survey, most of us think we know more than we actually do.1 Learning about key financial concepts can help you make more informed decisions and improve your bottom line. Give your financial IQ a boost with these tips and resources:
Start with the basics.Read about creating a spending plan, debt and credit management, mortgages, retirement planning, getting a loan, and knowing your consumer rights at MyMoney.gov, the U.S. government site dedicated to teaching all of us the basics about financial education.2
Read, read, read.Search online, go to the bookstore, or visit your local library to find books written by financial specialists. You can also subscribe to money management magazines to keep your knowledge fresh and relevant, plus get tips from finance pros.
Stay in school.Take a class at a local school or organization to get a better understanding of key financial concepts. We have some financial education seminars that you might like:
Ask an expert.Bankers, financial planners and educators can help you become your own financial expert, so ask away! Whether you're looking for new financial products and services, answers to questions, or you just want a second opinion, seeking out an expert can boost your knowledge and your confidence.
Put your knowledge to the test.Take a look at your current financial plan and see where you can put what you've learned into practice. Keep adjusting your plan as you get more knowledge, and remember – each financial plan is different. Pair your new smarts with your real life experience to find a plan that works just for you.