Teaching Kids to Save More from Stonegate Financial Group
HOW TO SAVE
Tips from Stonegate Financial
WANTS AND NEEDS – THEY’RE
At a young age, you should teach your children the difference
between something that they want, and something that they need.
This applies later in life as well
You might think that you “need” brand-new TV, but in reality, it’s a want, not a
This mixing of concepts is what often leads so many young
people in crippling debt that takes years to come out on top of.
WANTS VS. NEEDS – WHAT’S
Fast new car
Eating out for dinner several
times a week
To pay one’s bills
SAVING FOR THE FUTURE
Though it is important to teach children the difference between a
want and a need, you should also teach them the value of saving
and let them buy that new toy or other desired object every once
in a while.
Doing this will show them how rewarding saving for the long-term
can and is.
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