Tag: Saving
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Start them out young: Money 101 for kids
Posted On: May 22, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
How old were you when you learned that money did not grow on trees? You might be able to vividly remember the disappointment you felt when you learned you had to work hard to earn money. To prevent your youngsters from suffering the same disappointing fate, teach them about finances earlier in their lives. Some experts say that it’s never too early to start talking about money. Even at 3 years old, kids can understand the concept of money and its importance. Here are some tips that we’ve...
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How saving for a vacation can be a valuable budgeting lesson for your kiddos
Posted On: February 28, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
When it comes to creating your budget for the year, a vacation allowance is not typically considered an important expense. But maybe it should be, especially if you have little ones in your household. Planning and saving for a vacation is a great way not only to create life-long memories but also give your children the tools to learn how to create a budget and instill saving at a young age. Where do you start? The most important lesson you can teach your children is conceptualizing money and...
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