This is how you break away from your parents’ bad money habits. Pennygem’s Natasha Abellard has the story.
Category
📚
LearningTranscript
00:00A lot of people can thank their parents for some of their great habits, but the same goes
00:07for the bad ones, and that includes dealing with money.
00:10According to a 2019 survey conducted by advisor firm Edelman Financial Engines, 90% of parents
00:17say it's important for their kids to have good money habits.
00:20However, about 25% of participants said they either never or barely talk to their kids
00:25about money.
00:26So if you feel like you got some bad habits that you want to break away from, NerdWallet
00:30has the following suggestions.
00:32Learn how you have handled money in the past and see the similarities you have with your
00:36parents.
00:37Once you get that down, start working new habits into your money management skills.
00:42Then figure out your long-term financial goals to help keep you going.
00:46EveryDollar recommends that actively practicing gratitude is likely to help you feel less
00:50stressed about your journey to financial wellness.