FAMILY IN FOCUS

Expert: Teach children about finances now not later

May 20, 2014, 10:05 PM | Updated: 10:05 pm

During the recession, Arizona became known as one of the least financial literate states in the country. Last year, it became one of 17 states that requires financial literacy courses in high school, but is that enough?

Financial expert and planner, Laurie Bagley said, “That’s too late.” She said its all about the digital age in which we live.

“We pay our bills online and the children really aren’t seeing the active management part of money management.”

Bagley made it clear that financial awareness starts at home.

“A big aspect of financial education is parental modeling; our children mimic what they see.”

Bagley believes financial literacy can be taught at any age. She began teaching her own children at ages 3 and 4 through simple, daily activities,

“Even a simple activity like taking them to the grocery store and explaining the different cost of things.”

Children need to “learn to earn,” according to Bagley. By having children work and save up for the latest iPod, parents begin to install a sense of work ethic in their children.

“It’s all about the education.”

With her own children, she found that setting a goal was the best way to help her spenders save.

Bagley teaches financial literacy in schools around the state and privately to families.

Family In Focus

...

Bruce St. James Show

Professor: Loss of family programming cost for quality TV

It's no coincidence that a drop in family-friendly programming occurred as some of TV's best shows began to air, a media professor said.

10 years ago

Rob & Karie

It takes a village: The family side of Luke Air Force Base

They say it takes a village to raise a child. Luke Air Force Base has become that village to help military spouses raise their children while their spouse is away on deployment. The lives of Senior Master Sgt. Plez Glenn and his wife, Master Sgt. Tenequa Glenn, were turned upside down when Tenequa was deployed […]

10 years ago

Mac & Gaydos

Teen pregnancy on the decline in the Valley

Popular shows like “Teen Mom” and “16 and Pregnant” have been said to glamorize teen pregnancy but they may be helping more than harming. Ashley Butler, community outreach director for Teen Outreach Pregnancy Services, said Valley teen pregnancy rates are on the decline. She believes shows like “Teen Mom” accurately depict the struggles of teen […]

10 years ago

Rob & Karie

Therapist: Families need to carve out one night a week

In today’s world, families are constantly pulled in 1,000 different directions. Things like work projects, sports and homework get in the way of “traditional” family time at home. “I think a lot of people, with their busy schedules, aren’t sitting down at the dinner table at night, so they have to be a little more […]

10 years ago

Bruce St. James Show

Healthy Steps for Young Children Program to focus on child and caregiver communication

A national initiative at Summit Healthcare Regional Medical Center is reinventing the way families communicate with their child's health care specialist.

10 years ago

Mac & Gaydos

Turning over ‘A New Leaf’ for the Valley’s homeless population

The city of Phoenix may be making progress on cutting down the number of homeless veterans, but families are still struggling in the metro area.

10 years ago

Sponsored Articles

...

Sanderson Ford

3 new rides for 3 new road trips in Arizona

It's time for the Sanderson Ford Memorial Day sale with the Mighty Fine 69 Anniversary, as Sanderson Ford turned 69 years old in May.

...

Collins Comfort Masters

Here’s how to be worry-free when your A/C goes out in the middle of summer

PHOENIX -- As Arizona approaches another hot summer, Phoenix residents are likely to spend more time indoors.

...

Collins Comfort Masters

Here’s 1 way to ensure your family is drinking safe water

Water is maybe one of the most important resources in our lives, and especially if you have kids, you want them to have access to safe water.

Expert: Teach children about finances now not later