Tooth Fairy Finances: How to Raise Financially-Savvy Children with Deana Healy from Ameriprise
About this episode
This episode discusses how to teach children about finances and the value of money with insights from financial expert Deana Healy.
Teaching kids the value of money and about finances can be a challenge but our expert guest today has some many great ways to help with that. Some of what you'll hear in this mini episode includes: What is the average payout from the Tooth Fairy? How can parents raise financially savvy children? How can parents take control of their finances? Where can we go for more information? From prioritizing college tuition to choosing how to compensate their children, a new study from Ameriprise reveals the financial pressures parents are facing to provide their children with the best life possible. Many parents worry the tradeoffs they're making now will impact their long-term financial futures. The research also revealed opportunities for parents to shore up their own finances. Parents & Finances Study Insights: 7 out of 10 parents (72%) experience parental guilt with more than a third (35%) putting pressure on themselves to be the perfect parent. Most parents (70%) involve their children in family financial decisions to help instill values and half (49%) started investing for their children's future before they turned five. Fun Fact: Do You Know the Average Payout of a Tooth Fairy…
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