Understanding the basics of money from an early age sets the foundation for responsible financial habits that can last a lifetime. As a parent or guardian, tackling the topic of money with your child can be intimidating, but you don’t have to do it alone! We’re here to help you make financial education fun and engaging. Check out these kid-friendly ways to help kids begin to grasp the basics of money:
Let's talk about something important called financial abuse. Financial abuse happens when someone takes or misuses another person's money or belongings for someone else's benefit. It's like when a person you know, like a neighbor, caregiver, or even a family member, takes money without asking, doesn't pay back money they owe, charges too much for services, or doesn't do what they promised to do. This kind of abuse can be especially bad for older people, and it's sometimes called elder abuse.
If you’re considering financing your college education with the help of a student loan, the smartest thing you can do for yourself is to only borrow what you truly need. (This advice applies to pretty much all loan products, by the way.) Pursuing post-secondary education should be an exciting time in your life. You’re making decisions and opening up possibilities that will shape your future—a future that is adventurous and fulfilling and that decidedly does not include years and years of crippling debt. This course on financial aid may help you avoid be saddled with debt in the future.