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    Easy and Fun Financial Tips You Can Teach Your Kids While on Vacation

    By Young Insurance | Archives | Comments are Closed | 21 July, 2014 | 0

    Don’t waste your extra time this summer while you’re out on vacation. Many parents don’t take advantage of this family time but truthfully, vacation time is a great time to teach your kids some money lessons.  Use these four financial lessons for kids on your next vacation.

    1. Teach saving up for the next goal. Turn a jar into a makeshift piggy bank and watch your kids slowly save up change and learn about saving up for something bigger in the process.
    2. Budgeting is key to success. Teach your kids an important lesson on budgeting by allowing them to plan out a day of your vacation.
    3. Teach credit card habits early on. Give your teens a prepaid credit card and some rules to follow. Your kids will learn healthy practices for their future credit card.
    4. You can’t always get what you want. Give your kids a set amount of money to spend on vacation and let them know that once they spend it all, there will be no extra.

    Located in Burbank California, Young Insurance specializes in auto insurance and home insurance. Contact us today to find the right coverage for you.

    Burbank, lessons for kids, money lessons, ron young insurance, vacation

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