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LISTEN, UNDERSTAND, RESEARCH, HELP. Money management has a new reality. Financial-planning efforts must consider “the whole client.” We offer a multi layer approach that starts with education. We strive to gain your trust then deliver the results you seek. At Gelinas Financial Group, Inc., our passion is supporting our clients by adding value: You need information to make correct decisions. We’ll help you achieve higher levels of success and better process management through cutting-edge solutions, training, mentoring, and continuing education. Our objectivity and independence mean you get the financial-planning and risk-management solutions that meet the unique demands of your present situation. We offer our expertise in the following areas: Financial Planning Retirement Planning Insurance Investment Coaching Annuities More Hope is not a strategy. We meet with our clients regularly to scrutinize their investments and make adjustments.
Teaching Kids About Money
Gelinas Financial Group, Inc., GA, Fixed AnnuitiesHow do you teach kids about money? There are several different ways you can do it, depending on their age and understanding. The important thing is to make sure you do teach your children about money, because schools rarely teach money management skills to students. As a parent, it is up to you to make sure your children are prepared to handle their own money when they are adults. Being financially responsible is something that must be taught, since we are not born knowing how to do this. Here are some ways you can teach your children responsible money skills. 1. Small Children If your children are pre-Kindergarten age to around 3rd grade, they are ready for basic money management lessons. You can start giving them an allowance and letting them know they are responsible for buying certain things they want, like candy or small toys. The allowance is a fine opportunity for teaching them about how much things cost and how to save up money for something they want to buy. If they don't have enough money, they must save up more, and if they spent some money on other things, they will have to wait longer to save up for a larger item they desire. 2. Tweens From about 4th grade through middle school, children are ready for more advanced money management skills. Now is the time to open up an interest-bearing savings account for them. You can teach them about how to calculate interest based on how much money they deposit in the account, and what they could save up for in what amount of time based on the interest. 3. Teenagers You can teach teenagers about credit by getting them their own credit cards, either as an authorized user of yours or with their own student card. With you guiding them, they can learn about credit card interest, the importance of paying the bill in full each month, and how to use credit responsibly. Making them pay the bill each month with their allowance or money from a part-time job is important to them learning the full lesson of how credit cards work. Make sure you supervise their initial use of the card and answer any questions they bring to you.
Shawna Kreis
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