Kids and money: It’s never too early to learn financial responsi - Spokane, North Idaho News & Weather KHQ.com

SPONSORED CONTENT

Kids and money: It’s never too early to learn financial responsibility (sponsored)

Updated:
  • Also on KHQ.comMore>>

  • Local Biz Buzz

    Local Biz Buzz

    Promoting local business in Eastern Washington and North Idaho. Catch the buzz!
    >>
    Promoting local business in Eastern Washington and North Idaho. Catch the buzz!
    >>

Sponsored Content by STCU

As children mature into teenagers, it gets more difficult to strike a balance where finances are concerned. How much money should parents give to their children? How much should children be expected to earn for themselves? How can children learn financial independence while getting the support they need?

Marcee Hartzell, a community development officer in STCU’s Community Relations department, regularly goes into elementary, middle and high schools to discuss financial responsibility. A game she plays with high-school audiences shows two investment trajectories, one starting at age 20, the other at 35. Over the decades, the two trajectories begin to separate by hundreds of thousands of dollars.

“When they see that chart, it really hits home, and one of the things we roll into that is the concept of retirement,” Hartzell says.

She also lays out the benefits and pitfalls of credit cards, the importance of establishing a positive credit history, and the vital need to save for emergencies as well as big purchases.

Ideally, Hartzell says, parents will be having those same conversations with their children at home. They should carry on even into the college years, when expenses are greater and “setting the boundaries” becomes more important for family and financial harmony.

“As a parent, being a role model — and a financial role model — is one of the best ways to help my children,” Hartzell says. “That, and letting them make affordable mistakes.”

Check out more practical financial tips at stcumoney.org.

HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Scammers target Spokane Valley grandmother

    Scammers target Spokane Valley grandmother

    Saturday, January 20 2018 9:59 PM EST2018-01-21 02:59:02 GMT

    Spokane Valley, Wash. Karen Viszneki phone rings off the hook. Starting before the sun rises and even after she goes to bed. On a typical day, Karen will receive over 50 different phone calls from scammers. Karen Viszneki signed up with Career Builder a job search engine website in hopes to find a job. “There’s a lot of stress there, to begin with, but I applied on career builder, and since then I would say a week or two receiving nonstop calls," said Karen. The calls

    >>

    Spokane Valley, Wash. Karen Viszneki phone rings off the hook. Starting before the sun rises and even after she goes to bed. On a typical day, Karen will receive over 50 different phone calls from scammers. Karen Viszneki signed up with Career Builder a job search engine website in hopes to find a job. “There’s a lot of stress there, to begin with, but I applied on career builder, and since then I would say a week or two receiving nonstop calls," said Karen. The calls

    >>
  • Authorities say Washington teens used dead deer as bait to hunt eagles

    Authorities say Washington teens used dead deer as bait to hunt eagles

    Saturday, January 20 2018 9:24 PM EST2018-01-21 02:24:04 GMT

    KLICKITAT COUNTY, Wash. - The Washington Department of Fish and Wildlife Police say three teens in Klickitat County were using a dead deer to bait and shoot eagles last week.

    >>

    KLICKITAT COUNTY, Wash. - The Washington Department of Fish and Wildlife Police say three teens in Klickitat County were using a dead deer to bait and shoot eagles last week.

    >>
  • Doughnut-eating contest winner arrested for doughnut shop robbery

    Doughnut-eating contest winner arrested for doughnut shop robbery

    Saturday, January 20 2018 8:28 PM EST2018-01-21 01:28:21 GMT

    ELIZABETH CITY, N.C. - A North Carolina man who gained national attention four years ago after he was arrested following his victory in a police-sponsored doughnut eating contest has been arrested again -- this time for robbing a doughnut shop. 27-year-old Bradley Hardison was charged Thursday with felony breaking and entering, felony safe cracking and felony larceny of Dunkin' Donuts back in November, according to a release from the Elizabeth City Police Department.

    >>

    ELIZABETH CITY, N.C. - A North Carolina man who gained national attention four years ago after he was arrested following his victory in a police-sponsored doughnut eating contest has been arrested again -- this time for robbing a doughnut shop. 27-year-old Bradley Hardison was charged Thursday with felony breaking and entering, felony safe cracking and felony larceny of Dunkin' Donuts back in November, according to a release from the Elizabeth City Police Department.

    >>