In January I was interviewed on ways to make smarter financial decisions this year by keeping track of certain dates and deadlines. My "date" was April 22nd.
If you have kids, consider marking this date, "Teach Children to Save Day."
Mary Alice Hughes, co-owner of Insurance Advantage & LMA Financial Services in Jacksonville, Arkansas, suggests an activity to do with your child. Start with three mason jars to decorate.
"One jar for charitable giving, one for saving and one for spending,” Hughes says. “A great rule of thumb for saving that you can teach your kids is give 10% to charity, save 10% for things they want down the road and spend or live on the remaining 80%.”
As seen in U.S. News & World Report. Read the entire article here or download the reprint.