Establishing good savings habits early may give your child the confidence to make smarter money decisions in the years ahead.
This strategy of «paying yourself first» not only
establishes good savings habits: it also has the major benefit of dollar - cost averaging, says Jason Heath.
But, by
establishing a good savings habit and sticking to it, you can watch your savings grow.
Not exact matches
Now that you've remedied that situation and eliminated the debt you incurred, you need to
establish good spending
habits & build up some
savings to ensure that you don't need to file bankruptcy again.
Establishing a
savings habit and saving consistently is
better than putting aside a big sum just once.
Opening a bank account for your kids not only helps with building
savings for when they're old enough to use them, but can go a long way to helping them
establish good money
habits that continue
well into their adult life.