MoneyWise


Practical Ways to Teach Your Children

August 3, 2018

Raising children is a tremendous responsibility and a blessing.  One very important aspect of that is teaching them how to manage money because it’s one area of life they’ll use every day for the rest of their lives.

On this edition of MoneyWise, how to be a wise trainer and parent to your kids.   Train up a child in the way they should go and when they're old, they won’t have to borrow money from you! 

Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • With the ever-changing economy, how can you determine how much longer you'll need to save for retirement?
  • If you have 5 years on your current mortgage, have no savings and desperately need home repairs, should you consider getting a second mortgage or refinance?
  • If you already have 40 hour-a-week job but also work on a farm that takes a lot of time, would it be a wise move to sell the farm and place that money on a modest home?

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