Wise Preparations for the Next Generation
Many investors aim to reach their financial goals in order to leave a healthy financial legacy for the generations to follow. Use these tips, along with guidance from your financial advisor, when discussing your family’s financial future.
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Get children interested in money early
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Make saving a habit
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Open a savings account in a child’s name
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Encourage goal setting
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Give regular allowances
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Help plan a budget
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Encourage money-earning ventures
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Show them the effects of inflation
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Most important, give them a head start
The best way to learn is by experience. Engage in money-saving activities with your children in order to pave a path for financial success down the road.
Source: MFS, Nine Steps to Raise Money-Smart Kids.
This material should be used as helpful hints only. Each person’s situation is different. You should consult your investment professional or other relevant professional before making any decisions.
The opinions expressed in this document are the opinions of the individual author and do not reflect the opinions of Investors Trust. Although the information provided to you on this material is obtained or compiled from sources we believe to be reliable, MFS, as well as Investors Trust, cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose.Past performance is not a reliable indicator of future results.
This material should be used as helpful hints only. Each person’s situation is different. You should consult your investment professional or other relevant professional before making any decisions.
The opinions expressed in this document are the opinions of the individual author and do not reflect the opinions of Investors Trust. Although the information provided to you on this material is obtained or compiled from sources we believe to be reliable, MFS, as well as Investors Trust, cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data made available to you for any particular purpose.Past performance is not a reliable indicator of future results.
