Money Tips for Four, Six and Ten Year Olds Lake Havasu City AZ
As you follow the 10/10/10/70 concept, be consistent with depositing money monthly. Every month your child will start to see how their money starts working for them, your child will start to see the power of interest, compounding and the special gift that all children have, which is time.
Chase Bank
(928) 764-3404
5691 Hwy 95 N
Lake Havasu City, AZ
Chase Bank
(928) 764-3404
5691 Hwy 95 N
Lake Havasu City, AZ 86404
Office Hours
Mon:9:00-6:00
Tues:9:00-6:00
Wed:9:00-6:00
Thurs:9:00-6:00
Fri:9:00-6:00
Sat:9:00-3:00
Sun:closed
Bank of America - Acoma
928.855.3003
10 Acoma Blvd S
Lake Havasu, AZ
Bank of America - Acoma
928.855.3003
10 Acoma Blvd S
Lake Havasu, AZ 86403
Services
Banking Center Services: Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-1
Sunday Closed
Drive Up Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-1
Sunday Closed
Wells Fargo - Lake Havasu City - Southside
928-854-5330
3269 Maricopa Ave Ste 120
Lake Havasu City, AZ
Wells Fargo - Lake Havasu City - Southside
928-854-5330
3269 Maricopa Ave Ste 120
Lake Havasu City, AZ 86406
Office Hours
Mon-Fri 08:00 AM-06:00 PM
Sat 08:00 AM-04:00 PM
Sun Closed
Secure Account Service
928-505-5510
2150 North Kiowa Blvd.
Lake Havasu City, AZ
Mark Stempel
Encore Wealth Advisors
(520) 531-9977
3953 E. Paradise Falls Drive
Tucson, AZ
Mark Stempel
Encore Wealth Advisors
(520) 531-9977
3953 E. Paradise Falls Drive
Tucson, AZ 85712
Expertises
Retirement Plan Investment Advice, Middle Income Client Needs, Advising Medical Professionals, Retirement Planning & Distribution Rules, Socially Responsible Investments, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, EA, MA
Data Provided by:
Wells Fargo - Lake Havasu City
928-680-6230
80 Acoma Blvd N
Lake Havasu City, AZ
Wells Fargo - Lake Havasu City
928-680-6230
80 Acoma Blvd N
Lake Havasu City, AZ 86403
Office Hours
Mon-Fri 08:00 AM-06:00 PM
Sat 08:00 AM-04:00 PM
Sun Closed
Chase Bank
(928) 855-9101
1799 N Kiowa Blvd, Ste 103
Lake Havasu City, AZ
Chase Bank
(928) 855-9101
1799 N Kiowa Blvd, Ste 103
Lake Havasu City, AZ 86403
Office Hours
Mon:9:00-5:00
Tues:9:00-5:00
Wed:9:00-5:00
Thurs:9:00-5:00
Fri:9:00-6:00
Sat:9:00-1:00
Sun:closed
Edward Jones
(888) 891-1440
2550 Kiowa Blvd N # 100
Lake Havasu City, AZ
Edward Jones
(888) 891-1440
2550 Kiowa Blvd N # 100
Lake Havasu City, AZ 86403
Data Provided by:
Robert Keats
Keats, Connelly and Associates, LLC
(602) 955-5007 Ext: 210
3336 North 32nd Street, Suite 100
Phoenix, AZ
Robert Keats
Keats, Connelly and Associates, LLC
(602) 955-5007 Ext: 210
3336 North 32nd Street, Suite 100
Phoenix, AZ 85018
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Financial Issues Between Generations, Estate & Generational Planning Issues, Helping Clients Identify & Achieve Goals, Charitable Giving - Trusts & Foundations
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MSFS
Data Provided by:
Bryan Wisda
Summit Wealth Management, Inc.
(480) 596-9222
7202 E. Carefree Drive #2A
Carefree, AZ
Bryan Wisda
Summit Wealth Management, Inc.
(480) 596-9222
7202 E. Carefree Drive #2A
Carefree, AZ 85377
Expertises
Advising Medical Professionals, Women's Financial Planning Issues, Professional Athletes or Entertainers, Planning Issues for Unmarried & Same-Sex Couples, Estate & Generational Planning Issues, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®
Data Provided by:
Data Provided by:
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Money, Taxes & Small Business
Money Tips for Four, Six and Ten Year Olds
By Lori Mackey
Email
Mar 29, 2007, 23:09
|
Your adult habits form in childhood, if a child starts the habit of taking a dollar and spending a dollar, that child is learning the habit of living paycheck to paycheck. But, if a child creates the habit of dividing their money before they spend, this will be as natural as walking and talking.
If a four year old takes a dollar and saves 10 cents for giving, saves 10 cents for investing, saves 10 cents for savings and takes the 70 cents and spends it wisely and practices this habit with every dollar, they automatically will have a head start with their financial future.
At the age of six, start implementing the allowance system, give each child chores and responsibilities that are expected everyday, some activities they will earn money for and some are expected because they are part of the family. You can use chores to break bad habits, teach independence, and the concept of earning.
Make a habit of allowing your child to bring their earned income to the market, store or mall, if they find something they want and ask you to buy it for them, just say, Yes, you can have that, but you need to use your own money. The typical response will be, But I do not want to waste my money! And, you respond with, Well, I don t want to waste mine either.
10 year olds are motivated by money, if you start teaching kids the power of investing and saving their money, they will listen intently. Go online and show your child investment calculators. Show them what the $50.00 video game would be worth in 55 years if they invested the $50.00 instead of spending it. The key is to show kids the power of invested money. Once kids see how money works, they will think twice before spending their money.
As you follow the 10/10/10/70 concept, be consistent with depositing money monthly. Every month your child will start to see how their money starts working for them, your child will start to see the power of interest, compounding and the special gift that all children have, which is time!
No matter how old your child is, it is never too late to start teaching them the value of money and how it can work in their favor.
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Lori Mackey, an award-winning author, founder of Prosperity4Kids, Inc., is recognized as a leading expert ...
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