Video Professor Student Center Resource Library - The Time to Teach Kids Money Management Is Now

Students! Learn How to Make and Save Extra Money on eBay®! Learn HTML and Build a Social Networking Page that Represents You Impress Your Teachers with Great Essays When You Learn Microsoft® Word What’s the Word on Your Education? Use Microsoft® PowerPoint® And Get Your Classmate’s Attention! The Time to Teach Kids Money Management Is Now	The Time to Teach Kids Money Management Is Now Most adults probably wish they had been introduced to money management earlier in life. Understanding how to balance a checkbook, make deposits, make withdrawals, create budgets, and reconcile bank statements should not wait until one is doing it as an adult with a limited income. It is in everyone’s best interest to learn money management at a young age, and with program tutorials such as Video Professor’s Learn Microsoft® Money and Learn Quicken®, it is easy for you, as a parent, to introduce financial management to your children early on. Financial education at a young age is vital in keeping kids out of debt and securing their future. Many adults would not be struggling financially if they had been taught fiscal smarts while they were still young. Frankly, it is never too late for kids to learn Money, even if they are about to pack their bags for college. But, still … the sooner the better. The Financial Struggle The result of not having learned sound financial skills more than hinders many Americans. Only five years ago, one million Americans filed for bankruptcy and the fastest-growing group of Americans declaring bankruptcy is age 25 or under. The average household that uses credit cards owes about $9,000 in credit card debt. That is no small hole to climb out of, especially without fiscal proficiency. Americans, on average, aren’t saving nearly enough for their retirement. Only 37 percent of American workers say they have calculated how much money they will need to live on after retirement. Making matters worse, many who say they have calculated their future needs have used less-than-reliable methods or reached inaccurate outcomes. Many Americans at or near retirement age will require more than $1 million to prepare for future medical costs. For those with insurance through an employer, the maximum figure still exceeds $500,000. Only 38 percent of parents report that they normally pay off their credit cards completely each month. 68 percent of graduating high school seniors failed a personal finance test in 2002, compared with 44 percent who failed in 1997. The situation is deteriorating and one of the best ways to stop the cycle is early education. So the time for your kids to learn Microsoft Money and learn Quicken using Video Professor’s methods is now. How to Help Your Children Learn Microsoft Money Whether or not your child receives an allowance, both Learn Microsoft Money and Learn Quicken can help them learn to manage their real or imaginary finances. Set them up with a certain amount to play with and give them the tools that Learn Microsoft Money and Learn Quicken offer, and get them going down the right path. Because you can learn to manage many accounts with the Learn Microsoft Money or Learn Quicken lessons, your little ones can have individual accounts. If they manage their imaginary money well or poorly, you can reward or punish them by giving them more or less money to manage. Just like the real world, they can either benefit from sound money management or struggle from the lack of it. As they get older and perhaps get a job or start saving their allowance, have your teenagers manage all of their real money with the Microsoft Money or Intuit® Quicken systems. Once they learn the importance of money management, they will be less likely to spend it frivolously. Learn Microsoft Money offers hands-on information on how to navigate Microsoft Money. The tutorial will teach you and your kids to keep accurate records, track expenses, track income and watch investments. They can learn to take control of their finances with your help and the Learn Microsoft Money and Learn Quicken tutorials. With Learn Microsoft Money, they will learn how to keep a check register, which looks and works like a personal checkbook, add new accounts, manage categories, set up scheduled transactions, and create and print reports and graphs. With every child’s life becoming increasingly dependant on the Internet, Learn Microsoft Money will teach you how to use the Internet to make Microsoft Money an even more powerful tool. With many of the same features as Microsoft Money, Learn Quicken guides you on how Intuit Quicken emphasizes online banking and teaches you and your children how to enter, edit and print checks, reconcile bank statements, plan for the future and prepare for tax time. We all deserve fast and easy access to our financial data and having these programs on your home computer will surely encourage your kids to regularly check and update their accounts, becoming increasingly familiar with managing their finances. This may seem like a great amount of responsibility for kids, but with Learn Microsoft Money, it is possible. As your children get older, you can elaborate on the Microsoft Money and Intuit Quicken systems, going more and more in-depth. In order for you to do that, you need to know the program yourself and there is no better way to learn than with Learn Microsoft Money and Learn Quicken. A Fruitful Future It is said time and time again that knowledge is power. And, there are few areas as important as money management in which to have a bank of dependable knowledge. In order to use Microsoft Money and Intuit Quicken to manage finances, you must learn Microsoft Money and learn Quicken. Use these programs right and to their maximum capabilities without a headache. You have the power to save your kids from years and years of financial stress and hardship if you take the time now to Learn Microsoft Money and Learn Quicken. Related Articles Manage Effectively with Excel® Learn How to Put Microsoft® Money to Work! Be Your Own Investor Quicken Your Microsoft® Money Skills

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