Are you in the Twenty Percent?
Wednesday, August 27, 2014 5:20 PM

Nearly twenty percent of parents, 1 in every 5, have NEVER spoken to their children about money basics (survey by TrueCredit.com).

Let that sink in a minute.

That means that twenty percent of adults have never been taught how to build a budget, how to save money, how to delay gratification, or how to understand the reward of working hard for an income.

One in every five adults have never been taught how to build a budget.

Anyone who knows how to budget, knows that if you know ANYTHING about money management or personal finance, you should know how to budget. You should know how to pay your required expenses first; you should know how to set aside ten percent of your income for savings. You should know what “discretionary money” means, and how to use it wisely.

Otherwise, you will get into major financial trouble.

You will end up paying late fees, and higher interest rates. You will have lower credit scores and never be able to pay off debt. You will never feel financially stable—ever.

A recent study by Sonya Britt, a Kansas State University Researcher, found that money troubles early in a relationship are a leading predictor of subsequent divorce.

If we are going to build a stronger community, we need stronger families. If we want stronger families, we need to teach kids about financial management and money basics while they are still kids.

Contact us today to learn how we can help.