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

Entry filed under: Uncategorized. Tags: .

Conference Recap TS Bank Institute and Iowa Bankers Association Awarded


Updates through Email

Iowa Jump$tart Facebook

JumpStart Twitter

Archives

RSS The Money Godmother’s Blog

  • How One Little Habit Can Save You $45,000…Really! August 27, 2015
    Chances are, it’s not one major financial decision you make in your lifetime that will seal your future. It’s about the small choices you make everyday. Those everyday choices become habits. Habits become a lifestyle…a lifestyle to which you become accustom easily. I’d like to share a true story about a friend of mine who just retired. […]
    moneygodmother

RSS AskMrG Blog

  • Wants Vs. Needs: 5 False Beliefs July 24, 2015
    (BECAUSE OF THE RELEVANCE OF THE TOPIC, I AM REPRINTING TWO ARTICLES ON "WANTS VS. NEEDS")
I recently heard a teenager asked how she had become a successful entrepreneur at such a young age. She replied, “I learned when I was very young the difference between wants and needs.” What a discerning philosophy for a teenager! A philosophy that eludes ma […]

Follow

Get every new post delivered to your Inbox.

Join 84 other followers

%d bloggers like this: