By Tim Kowols
With seventy-five percent of consumers opting for credit and debit cards over other payment options, it is becoming harder for younger people to learn about the value of money. More and more youth are just seeing the adults in their lives spending money without seeing them wrestle with budgets, bills, and donations. Gay Pustaver from Money Management Counselors says you do not have to be a financial expert to have an honest conversation about money with your kids.
Pustaver says her envelope system helps kids see the money they are saving and watch those amounts grow. You can listen to the entire Money Management Monday interview online with this story.