Everyday Ways To Be A Financial Role Model For Your Child

Interview Kathleen E. Owings.

Financial Advisor, Kathleen Owings can discuss the topic of how to go about finding and hiring the right financial planner for your individual or family needs.

 

Some Key Talking Points From Kathleen Owings
on How Parents Can Be a Financial Role Model:

https://www.forbes.com/sites/lizfrazierpeck/2019/08/05/everyday-ways-you-can-be-a-positive-financial-role-model-for-your-child/

      • Talk to your kids about money. Certainly it needs to be age appropriate but share with them what you do with your finances.  Are you saving money for a car? Let them know that. Today, instant gratification is too easy and kids need to understand that large ticket items take time to save for.
      • Set up an investment account for your kid’s so they can see how the markets work.  I set up a UTMA for my 14-year-old daughter and I check it with her. I explained the difference between stocks and bonds to her. This is preparing her for her financial future.

      • For younger kids, talk to them about spending versus savings. When our daughter got her allowance she had to put 10% of her money into savings for a future financial goal.  This helps them to understand delayed gratification.

      • As your kids get older have a conversation with them about colleges and their costs.  Too many parents do not have a discussion with their kids and it is a surprise when they want to go to an expensive school and do not have the money saved, nor do they know how they will get there without loans. Do not put that financial burden on your kids.  

 

Available for Interviews: Kathleen E. Owings.

Kathleen E. Owings is Principal and Financial Advisor for Westbilt Financial Group. She was named one of the 4 Under 40 in 2018, a prestigious award given by the National Association of Insurance and Financial Advisors to only four young advisors in the country. Kathleen manages assets for individuals, families, and businesses to the highest standards of fiduciary duty.

Contact:
Jo Allison
PR Managing Editor
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Success In Media, Inc.
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