Tips, advice, and the latest news from the savings world.
Inertia – It Can Work For You or Against You, Which Will You Choose?
By Lila Quintiliani, AFC ®
Military Saves Assistant Coordinator
In the behavioral economics book Nudge, authors Richard Thaler and Cass Sunstein say “never underestimate the power of inertia.” What they mean is this: people are generally averse to change. They will stick with the status quo. Especially when it comes to financial decisions. In other words, and the authors don’t use this term, but I will – we can be kind of lazy when it comes to making financial choices.
Money as you Grow. What should kids know about money?
(Blog includes first installment of “What a Nine-year-old Knows about Savings”)
By Andia Dinesen, AFC ®
Military Saves Coordinator
Kids and money. Kids and finance. Kids and saving. Kids and spending. These are things we should all be talking about with our kids, but when? How? When to talk to your kids about money and how to talk to them about it can be overwhelming and exhausting. What should your 3 year-old really know about money? How about your 12 year-old? Your 18 year-old? Now, there’s a big challenge.