debtconsolidationconnection.com
501 (c)(3) non-profit Organization
Free Consultation
Consumer credit counseling may help families deal with budgeting and financial education
By Oscar Monfort on Apr 4th, 2010
While consumers may concentrate on their own funds during National Financial Literacy Month, they may also want to try and educate their children.
H&R Block recently released some tips that may help parents when it comes to trying to get their families in a good financial position. For example, parents may consider setting up a financial goal every month.
To do so, families can set up a clear jar somewhere in the house in which everyone can donate money. At the end of the month, the family can come together and decide what to do with the cash.
"National Financial Literacy Month is the perfect time to teach teens the importance of sound financial habits and introduce a new savings goal," said Dr. Brad Klontz, a financial psychologist who provides family counseling through H&R Block.
Klontz said that families should keep track of their spending through keeping a tally. Doing so may help make people realize how much they spend and could lead to reductions.
Having a budget is another suggestion that financial experts make when it comes to how to handle money. Consumers who are having trouble setting up a budget may consider consulting with a consumer credit counseling service, which can analyze their finances and create a spending plan.
More Consumer Credit Counseling News
