Post by CyberChild on Sept 12, 2018 2:27:56 GMT
Hey hey,
I wanted to talk about a subject that is near and dear to me, financial education. I think this is one of the most important topics that is missed in most schools and in most families. I would argue that this is the single most important topic that most people fail to discuss with their children. Why is that? Does talking about credit cards, loans, debt, savings, retirement now fail into the same category as sex and drugs? We as parents must discuss all of these topics and with a basic understand can answer most questions our kiddos ask us. Now a days there are many programs out there that make saving for the future simple and easy. Lets look at a couple that my youth take part in.
Mint:
Budget tool (For more information Click Here)
- Shows you what bills are due, what you owe and what you can pay
- The app can send you payment reminders
- Over time Mint even gives you specific advice to gain more control over your budget
- Free credit score
BECU:
Early Saver Account (For more information Click Here)
- Earn 6.17% APY on the first $500
- No minimum balance requirement
- No monthly fee
- Account access through free Online Banking (age 13+), free Telephone Banking, ATMs, or at a BECU Neighborhood Financial Center
- At age 18, account can easily be converted to a Member Advantage® account, earning a premium rate on both checking and savings
Acorn:
Micro Investing app 18+ (For more information Click Here)
- Micro investing, connects to a debit or credit card to "round up" the spare change to the next dollar on all purchases. Once the roundups reach $5, it withdraws the money and invests in a personalized stock portfolio
- Answer a few questions and you get a personalized stock portfolio
- Portfolio auto re-balances periodically with no input required from you
- Grow Magazine, money advice publications via their app
- Found Money, Earn money while you shop with over 200+ top brands
- Low low fees currently $1/Month
Robinhood:
Free stock trading app 18+ (For more information Click Here)
- Free stock purchase and sales
- Free extend trade hours
- Fast withdraws to your bank
- Best part its free!
Take care,
Nathan
I wanted to talk about a subject that is near and dear to me, financial education. I think this is one of the most important topics that is missed in most schools and in most families. I would argue that this is the single most important topic that most people fail to discuss with their children. Why is that? Does talking about credit cards, loans, debt, savings, retirement now fail into the same category as sex and drugs? We as parents must discuss all of these topics and with a basic understand can answer most questions our kiddos ask us. Now a days there are many programs out there that make saving for the future simple and easy. Lets look at a couple that my youth take part in.
Mint:
Budget tool (For more information Click Here)
- Shows you what bills are due, what you owe and what you can pay
- The app can send you payment reminders
- Over time Mint even gives you specific advice to gain more control over your budget
- Free credit score
BECU:
Early Saver Account (For more information Click Here)
- Earn 6.17% APY on the first $500
- No minimum balance requirement
- No monthly fee
- Account access through free Online Banking (age 13+), free Telephone Banking, ATMs, or at a BECU Neighborhood Financial Center
- At age 18, account can easily be converted to a Member Advantage® account, earning a premium rate on both checking and savings
Acorn:
Micro Investing app 18+ (For more information Click Here)
- Micro investing, connects to a debit or credit card to "round up" the spare change to the next dollar on all purchases. Once the roundups reach $5, it withdraws the money and invests in a personalized stock portfolio
- Answer a few questions and you get a personalized stock portfolio
- Portfolio auto re-balances periodically with no input required from you
- Grow Magazine, money advice publications via their app
- Found Money, Earn money while you shop with over 200+ top brands
- Low low fees currently $1/Month
Robinhood:
Free stock trading app 18+ (For more information Click Here)
- Free stock purchase and sales
- Free extend trade hours
- Fast withdraws to your bank
- Best part its free!
Take care,
Nathan