Today’s fantastic family finance article is:
Today’s micro money message: know your money leaks.
As Ben Franklin said:
“Beware of little expenses; a small leak will sink a great ship.”
In other words, you don’t have to hit a financial iceberg and go down like the Titanic. You can slowly nickel and dime your way to the bottom.
Make your kids inspect their little money rowboats for leaks. Fast food? In-game purchases? Online music and video subscriptions?
The key message here: Make sure your kids track where their money is going, so they can keep their financial boats afloat.
After all, you won’t be bailing them out.
Get tomorrow’s tip here.