Top 12 Money Mistakes Parents Make: Savings

Fireplace Shot

Today’s topic: trying to resolve the long-running argument parents have with teens over savings.  Parents want savings to be for college, or a car, or something big.  Teens usually want to spend savings on an iPod, or something fun.  And forget trying to get a little kid to see the value in saving for college, when all he wants is some Pokemon cards…

Savings: Short-Term, or Long-Term?

The easy solution is to have two savings accounts: one for short-term small goals (fun for kids) and the other for big hairy long-term goals (makes parents happy.)  Watch the video to learn a bit more:

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