http://www.pfadvice.com/2007/07/27/getting-started-the-financial-guide-for-a-younger-generation/ Bridging the gap between saving money and investing Tue, 18 Jun 2013 02:30:09 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://www.pfadvice.com/2007/07/27/getting-started-the-financial-guide-for-a-younger-generation/comment-page-1/#comment-81165 Chris Mon, 30 Jul 2007 19:39:01 +0000 http://www.savingadvice.com/blog/2007/07/27/101647_getting-started-the-financial-guide-for-a-younger-generation.html#comment-81165 It is also in the parents’ interest to educate the children at an early age on the marketing gimmicks.
I’ve done that with our children who are all 7 and under. When they say “Daddy, I really want to have that widget”, I ask them why they want it. 8 out of 10 times, they wanted it because it looked “bigger/brighter/larger than life”. And I point out to them that if they look closer the product isn’t what they thought.

]]> http://www.pfadvice.com/2007/07/27/getting-started-the-financial-guide-for-a-younger-generation/comment-page-1/#comment-79960 Jayne Sat, 28 Jul 2007 03:11:35 +0000 http://www.savingadvice.com/blog/2007/07/27/101647_getting-started-the-financial-guide-for-a-younger-generation.html#comment-79960 Younger generation is exposed to so much advertising, it is incredible. Growing up, advertising of products and the technology wasn’t as advanced. Marketers these days find ways to reach the younger generation via interactive marketing and truly focus on that generation. MySpace, Web 2.0, advances in Cell Phone technology, Video Games, Animation, etc. That and other factors all play in when it comes to modifying the spending habits of the kids. My son is first year college student and he asked me to purchase him a student discount card so he can save on pizza and college text books, I think as a responsible parent it’s in the best of my interest to help my younger son realize the importance of saving money and how to stretch a dollar. Kids these days are too loose about their money and college tuition has been steadily increasing to affect their debt ratio significantly. Most students are in incredible debt these days but, of course by selective choice, but an important one. The most important lesson comes from education and parenting of our younger generation to help them realize things before it’s too late.

]]>