JAMESON VAN HOUTEN REVEALS THE IMPORTANCE OF FINANCIAL RESPONSIBILITY IN CHILDREN
Posted by Jameson Van HoutenStonegate Financial Group on Jun 10, 2014 in Jameson Van Houten, Jameson Van HoutenStonegate Financial Group, Stonegate Financial Group, Stonegate Financial Group Jameson Van Houten | Comments Off
Jameson Van Houten of Stonegate Capital Advisors knows that saving money should begin at a very young age. When children are taught how to manage their money, it will lead them to be more cautious with their spending habits later on down the road. In order for kids to learn financial responsibility, they need their parents, grandparents, and guardians to give them these life lessons.
Saving money can help children see how much they may accrue over a short period of time. When to spend and when to save is also something that should be taught at a young age. These lessons can instill in children the value of money and how to create the proper spending habits later on in life. In order to ensure that children know about saving money and why exactly it is so important, family members need to sit down with them and explain this.
One approach that parents may take is to sit down only one time with their children and explain all of this to them. While this is smart to do, it needs to occur more than once. By constantly reinforcing the concept of saving and good spending habits, children will be more likely to turn these ideas into actions. At the beginning, parents can ask children every time they obtain money what exactly they plan on doing with it. By interacting with them, parents are giving children the opportunity to figure out when they need to be saving money. By using these tactics, Jameson Van Houten of Stonegate Capital Advisors believes that children will have a much better grasp of financial responsibility.