Our country is in deep debt. No doubt about it. The national debt crisis has been all over the headlines this summer. While it’s clear Washington can’t manage money, a new survey finds it’s an opportunity for parents to teach their kids about being financially savvy.
The CouponCabin.com survey asked parents what financial topics are most important for children to learn. Here’s what they said:
- 81% Basics of a savings account
- 76% Being frugal, such as bargain hunting and saving money
- 73% Creating budgets
- 32% Making investments
- Always be prepared for unexpected expenses.
- Debt is bad and should be paid off early.
- Take credit seriously; it’s not just free money.
- Start saving for retirement at a much younger age.
- Better understanding of how students loans work.