From the course: Teaching Your Kids About Finance

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Create family savings goals with kids

Create family savings goals with kids

From the course: Teaching Your Kids About Finance

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Create family savings goals with kids

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- One of the most important things every family needs to do is set a family financial goal list. I love this because it gets everybody on the same page, and when you're on the same page, you're saving as one household. I recommend getting out a big whiteboard and starting there. You want to list the family's financial goals together. Have everybody put input in. Have fun with this activity. Maybe give everyone their own color marker and everybody gets to write down or draw out their big financial goal. Everyone brainstorms. This might be goals such as a next beach vacation, or opportunities like saving for college, or even mom or dad's retirement. A new family car, or even more immediate things for fun, such as a toy, or that book at that bookstore, or that new bicycle that he's been wanting. Let every child make a decision on what's important to them. Because this could be anything, but it gives you a chance to have a discussion, and that's what's most important. Whatever it may be…

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