Winter 2013
22
3914 Hecktown Rd., Easton, PA • (610) 258-2371 •
www.aaanc.com
Knowing how hard it is to get your kids to pick
up their clothes, the thought of getting them to
save for retirement gives you fits of laughter! Kids
have the magic of time on their side – “tomorrow”
is a million years from now and saving is not a high
priority – especially with limited resources and so
many choices for spending those few dollars.
As tough as it is, it’s a parenting must to teach
your kids the important skill of saving. There will
come a day when they must save for a car, their first
home, and yes, retirement. More and more states
are adding a personal finance class as a high-school
requirement, but that’s only one component of a
good saving educational plan. Here are some other
suggestions for teaching your kids about the world
of saving.
Show, not tell.
It may sound corny, but the best
lesson you can share is by example. Show your
kids that you recognize the value and importance
of saving. Share the details of your savings plan.
Your kids will see saving as a normal part of your
routine…a habit they’ll continue.
Teach, not train.
Your goal is to teach your kids
the value of saving, not to train them to chuck
pennies into a jar. The difference is a commitment
to saving as a lifestyle, instead of a grudging
acknowledgement of your request. Skip the
nagging and instead show how interesting it is to
see your money add up, to watch a small sum grow
into a larger amount on its own. That’s the lesson
that will last a lifetime.
Compound, not confound.
Kids need a simple
plan or they’ll lose interest – no pun intended!
Playing the stock market might be fun for a day
or two, but once the market has a downturn,
your kids will no longer enjoy the lesson. Since
the complexities of the market may be too
overwhelming, chose a savings option that
protects their savings and adds interest.
AAA can help you start your kids on the path to
savings. AAA has partnered with Discover Bank to
offer Certificates of Deposit, CD IRA’s, Money Market
and Online Savings Accounts, so members save
more with competitive rates.
Financial
Services
Help your kids become lifelong savers
Put
More Interest
in your savings.
Discover Bank
1 Annual Percentage Yield (APY). Applies to personal accounts only. Advertised CD rate is valid as
of 12/12/2012 and subject to change daily without notice. Rate applies to a 24-month term.
A penalty might be charged for early CD withdrawal. Fees could reduce earnings on the account.
Deposit accounts offered through Discover Bank, Member FDIC.
©2012 Discover Bank, Member FDIC
Open an account today!
AAA.com/Deposits
1-800-347-7056
U.S.-based Banking Specialists available 24/7
Lock in preferred member
rates on AAA CDs
4-star Safe & Sound
rating from Bankrate.com
1.20 %
24-month CD
As of 12/12/12
APY 1
Mention offer code: A120412
AAA
Now
!
TM
Visit AAA.com/Deposits or call 1-(610) 258-2371 for more information.
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