July, 2013

What lessons can your kids learn this summer?

July 29th, 2013
What lessons can your kids learn this summer? image

School may be over but that doesn’t mean there still aren’t opportunities to teach your kids a valuable lesson. Summer gives kids a chance to learn life lessons that they can’t learn in a classroom. It’s a great time to explain to kids the difference between wants and needs. Giving them the opportunity to earn money and then deciding on what they want to spend it on. Here is a good article from Yahoo Finance to help. http://finance.yahoo.com/news/teach-kids-money-summer-150000960.html Share with us your stories about how your kids are spending their money and once they made their purchase, were they glad [ read more ]

Kids, Tweens and Teens: Teaching financial responsibility at any age

July 22nd, 2013
Kids, Tweens and Teens: Teaching financial responsibility at any age image

The day you brought your baby home from the hospital, financial planning was probably the last thing on your mind. But now that it’s time to put money aside for the future, make saving a family affair by bringing your children into the equation. Kids Even the smallest child understands the concept of a piggy bank. The First offers free piggy banks that you can pick up at any of our branch offices. Let little hands drop the coins in one by one. When your child is older, take the piggy bank to the First National Bank and Trust Company [ read more ]

Do you feel like an ATM with your own children?

July 15th, 2013
Do you feel like an ATM with your own children? image

We want our kids to have everything. That’s a given. The summer especially can make parents feel like an ATM machine when kids are constantly asking for money for movies, ice cream and toys because they are bored. Now is the perfect time to use these instances to educate them about saving. Here is a link from Forbes.com to give you some helpful tips on how to get kids to save. http://www.forbes.com/sites/laurashin/2013/10/15/the-5-most-important-money-lessons-to-teach-your-kids/ We know there are more ideas than the ones that appear in this article. Tell us how you’re teaching your kids to save or how your parents taught you to manage [ read more ]