If you could have a conversation about finances with your future self, what would you say?
Officials with Washington Federal think that’s the right question to be asking yourself now, that way you can start planning for the future and not just for yourself. You need to plan for your kids as well.
Do your kids have the necessary tools to be able to save money?
I asked Christopher Sailus with Washington Federal to give me his take.
“Why does money trip us up so much when we try to talk to our kids about it?”
He said: “You know that's a really good question.”
But is there an easy answer? It might be answered with another question.
“Where does the money go, when, why?”
Christopher told me that by asking your children questions, you can create conversations for them specifically about budgeting, saving, investing and even tackle tough topics like credit and debt.
But you don’t have to do all the work yourself.
“Money doesn't grow on trees. It doesn't magically appear in your wallet on the 15th and 16th of the month.”
Washington Federal has a program called “Save at School” for K-8 students and the Financial Scholars Program for high schoolers.
Talk to your local school district about program participation or go to www.washingtonfederal.com