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Insights and thoughts into the world of money education.
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Managing money, like teaching about personal finance at home, is a gradual progress. Here are some ideas on how to get started.

A guest post from Pennybox user and mother Angie Karnoupakis in the US. One thing you can do to make this summer an extraordinary time – enhancing your summertime with out of the ordinary learning opportunities – teach your children about earning and managing money. SUMMER! We anticipate it for months. We dream about it.

Saving is very important, and it is very useful to understand how short-term decisions can influence your finances and how to properly plan for your retirement, and the impacts it has on your financial and psychological health. However, remember that it is a marathon, not a sprint, and that everything should be done in moderation.

The term ‘Spending Plan’ is empowering because most people feel good about spending and YOU make the spending decisions, in advance, based upon your priorities. For many, the simple decision to use the term ‘Spending Plan’ will remove much or all of the anxiety of this financial planning process.

Your credit score helps lenders, creditors, landlords and some employers see how much risk they might take on by doing business with you, based on how you’ve managed credit. When your credit history and credit scores are positive, you may be offered more competitive rates and terms on loans and credit products.

I work as a branch manager for the nation’s largest personal lending company. I see firsthand how important financial education is.

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