Managing In Tough Times

“Bits & Tips”

Youth: Time Value of Money

Money Management Skills

• Everyone needs to know!• Parents should educate children

about money at an early age. • Let kids brainstorm ways to save

money.

Setting Financial Goals• Teach children the importance of

making wise financial decisions.• Help your child choose a financial

goal.• Brainstorm ideas of how to save

money.

Saving Thermometers

• Create saving thermometers with financial increments to color as you reach your financial goal.

• Visualizing the end goal and the progress made towards the goal makes the goal more attainable.

Be an Example

• Children are led by example. • Your kids will pick up your values,

attitudes, and money habits by listening and watching you.

• Set a financial example that you would be proud for your children to follow!