Money Habits formed by the age of SEVEN

August 2, 2013 at 11:23 am

Government-backed Money Advice Service (MAS) pointed to a Cambridge University study that suggested that most young children had grasped all the main aspects of how money works and formed “core behaviors which they will take into adulthood and which will affect financial decisions they make during the rest of their lives”.

Caroline Rookes, chief executive of the Money Advice Service, said: “This study really demonstrates the power of parental influences, and illustrates how much of what you learn and absorb when you are young, both consciously and subconsciously, affects the choices you make throughout the rest of your life.”

View the rest of the article here:  Money habits are formed by the age of seven – News Article

About these ads

Entry filed under: Uncategorized. Tags: .

Conference Recap New Tool Available! Check out the 2013 Iowa Income Tax Practice Packet for Students


JumpStart Twitter

Archives

RSS AskMrG Blog

  • Turning Thanksgiving Into Thanks-Living November 19, 2014
    With Thanksgiving just around the corner, I want to share with you something that I have been trying to implement in my personal life. That would be the cultivation of a daily “attitude of gratitude.” I have such a long way to go in this area, but I have found that occasionally considering the four questions below helps make me become more conscious about be […]

RSS The Money Godmother’s Blog

  • Want a College Savings Plan? Choose a Good One November 15, 2014
    You might want to start saving for a child’s college education with your state’s 529 plan. This type of plan may also offer you a tax deduction in the year you make a contribution. But before you just assume you should do the plan offered by your state, consider the fees and the return on […]
    moneygodmother

Follow

Get every new post delivered to your Inbox.

Join 55 other followers

%d bloggers like this: