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>>

  • CASTING CALL: Z Nation needs ZOMBIES for season 5

    CASTING CALL: Z Nation needs ZOMBIES for season 5

    Thursday, April 26 2018 5:05 PM EDT2018-04-26 21:05:41 GMT

    SPOKANE, Wash. - Z Nation is coming back to Spokane to film a fifth season, but they need zombies.  Zombie auditions will happen May 5th from 9:00 am to 5:00 pm at Redeemer Lutheran Church, located at 3606 S. Old Schafer Road in Spokane Valley.  You can sign up for an audition time on Z Nation's official Zombie Audition Facebook page. 

    >>

    SPOKANE, Wash. - Z Nation is coming back to Spokane to film a fifth season, but they need zombies.  Zombie auditions will happen May 5th from 9:00 am to 5:00 pm at Redeemer Lutheran Church, located at 3606 S. Old Schafer Road in Spokane Valley.  You can sign up for an audition time on Z Nation's official Zombie Audition Facebook page. 

    >>
  • 100+ nail salons in Washington state fail sanitation and safety inspections

    100+ nail salons in Washington state fail sanitation and safety inspections

    Thursday, April 26 2018 4:25 PM EDT2018-04-26 20:25:50 GMT

    KHQ.COM - More than 100 nail salons in Washington state recently failed safety and sanitation inspections from the Washington State Department of Licensing. If you think these salons are required to post these violations publicly, think again. Unlike restaurants, there's no letter grade at the door that can tell you if the services inside have been deemed safe.

    >>

    KHQ.COM - More than 100 nail salons in Washington state recently failed safety and sanitation inspections from the Washington State Department of Licensing. If you think these salons are required to post these violations publicly, think again. Unlike restaurants, there's no letter grade at the door that can tell you if the services inside have been deemed safe.

    >>
  • Man with warrants for his arrest adds on new charges after leading Spokane Co. on pursuit

    Man with warrants for his arrest adds on new charges after leading Spokane Co. on pursuit

    Thursday, April 26 2018 4:00 PM EDT2018-04-26 20:00:40 GMT

    MEAD, Wash. - A 25-year-old man with active warrants out for his arrest added a few new charges to his rap sheet after leading Spokane County Deputies on an early morning pursuit on Thursday. 

    >>

    MEAD, Wash. - A 25-year-old man with active warrants out for his arrest added a few new charges to his rap sheet after leading Spokane County Deputies on an early morning pursuit on Thursday.  Deputies spotted a van known to be used by Michael Rider at a home in the Mead area just prior to 2:30 a.m. Knowing Rider had warrants for his arrest, including one for burglary, 

    >>