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Craig W. Schubert
Financial Planner
Business & Financial Strategies, LLC
Providing Insurance & Financial Services
1657 Crofton Blvd, Suite 200
Crofton, MD 21114
Phone: 410-841-0032
Fax: 410-841-0030
November/December 2023
Teach Your Kids the Value of Money
Kids tend to want almost every toy they see in the store or everything their friends have. While it’s not always easy to resist giving your children everything they ask for, teaching them early to save for the things they want can make those items more valued.
Give an Allowance
Even very young children can perform simple tasks around the house. A savings jar or a piggy bank can show them how much they’re earning and how close they are to having enough money to buy the item they’re saving for.Open a Savings Account
You can open a savings account for your child at just about any age. Kids’ savings accounts typically require a parent or other adult to have joint ownership or control. Look for an account with no fees or minimum balance. Encourage your child to deposit birthday or holiday money or, when older, a portion of earnings from a job in the account.Set an Example
Your approach to spending can teach your kids that they need to save and budget for those expensive items they want. Sharing how you save for big-ticket items, such as a new car or a family vacation, can be an important lesson.1062048-00002-00
Craig W. Schubert is a Financial Planner with, and offers securities and investment advisory services through LPL Enterprise (LPLE), A Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.
LPLE and LPL Financial are not affiliated with Business & Financial Strategies, LLC.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
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