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Growing up in a financially struggling home, for instance, a teen or young adult might develop behaviors related to overworking out of the fear of going broke. Money disorders may also come in the form of anxiety or extreme concern about the financial impact of recent events, which many of America’s teens are going through today. If you suspect that your teen has a money disorder, the first step to helping them is recognizing the signs.
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It's a new year and the perfect time to start your child's financial journey. Copper's financial literacy experts have compiled our top tips for teaching kids about money heading into 2021.
When it comes to teaching kids positive financial habits, actions speak far louder than words. It's important to not only talk to your kids about financial topics but to see these topics enacted in your everyday life. Practice what you preach and don't let your kids catch you making these money mistakes.
Even during good times, the majority of parents don’t talk to their kids about money. So when trouble hits, that shield goes up to protect our kids from the financial stress the parents are experiencing. Kids are perceptive though and it's important to talk to them about finance during times of financial uncertainty.
I am only one voice within the GenZ powerhouse but here are some of the top items that I believe are crucial for kids to know about to help them leading into their financial futures.
Teens are vastly underserved educationally but, equally as alarming, underserved by traditional banking and financial establishments. We aim to change this" - Eddie Behringer, CEO and Founder, Copper Banking
Your teen must have a strong understanding of needs versus wants - this is the cornerstone of all spending decisions and budgets. Here are some simple things you can do to help them grasp these important concepts.
The world is advancing at an exponential rate. How we teach our children about money needs to change as well. As this latest generation matruees, they will be faced with complexiuties and decisions parents today never faced. With the addition of an unexpected event like COVID, financial literacy needs to be brought to the forefront of the dicussion.
We are in a time of uncertainy. As parents, the best way we can protect and prepare our kids for adulthood is to teach them the basic of finance. Liz Frazier outlines just a few of the positives that come with financial education.
With COVID thrusting the world into a state of flux, finances can be a major cause of stress for families. Millions of Americans have lost their income, and those who haven't are worried they might be next. If this pandemic has show us anything - the need for financial education and literacy has never been more critical.