Last year, an estimated two billion shoppers (about a fourth of the world’s population) spent more than $4 trillion on online purchases.
That’s a staggering number – and there’s no sign that our increasingly digital shopping habits will slow down any time soon. Spending money is as simple as as a tap of the finger, phone, or card, and while that can be more convenient, it’s also a mixed blessing. According to CNBC, credit cards and online shopping are the chief budget-busters among U.S. households.
As the face of consumerism changes, it’s not just adults who need to learn new financial wellness skills – our kids need to be prepared, too. And it’s our job to help them learn good money management habits today so they’ll be ready for a successful, financially secure tomorrow.
From credit to college loans, there’s a lot of material to cover, and developing a financial curriculum from scratch is a big ask. (After all, being a parent is hard enough without becoming a homeschooling pro). But you don’t have to do it alone.
Since Axiom’s founding in 1963 as the first minority-owned banking institution in Florida, we’ve always believed in the importance of building a brighter future through personal relationships and lifelong financial solutions. At our local branches, our experienced team members lead fun, approachable workshops on personal finances that are tailored to kids and teens.
With real-life scenarios, hands-on learning opportunities, and engaging instructors, your child can learn the skills they need to manage their finances with confidence. And they can put those lessons into practice, too. By setting up a joint Teen Checking Account and easy-to-use mobile banking app, your teen can practice responsible saving, see their money grow over time, and start setting long-term financial goals.
After all, it’s not about how our kids will navigate life’s challenges – it’s about giving them the right attitude, the right values, and the right habits to tackle them successfully. At Axiom, we’re here to help make that journey easier today and tomorrow.
Axiom Bank, N.A., a nationally chartered community bank headquartered in Central Florida, provides retail banking services, including checking, savings, money market and CD accounts, as well as commercial banking, treasury management services and commercial loans for both real estate and business purposes. For more information or the closest branch, visit www.AxiomBanking.com.