Find out the information that helps prepare children for their financial future. Inside is the best compilation of books, apps and board-games to get you started. We break down their financial learning into three age groups. Children ages 3 to 7, 8 to 15 and teenagers 16 and above. We deep dive into; 1) Money Habits, 2) Savings Techniques, 3) Budgeting, 4) Investing and finally 5) The Credit Report. A three part article that gives parents all the information they need.
A credit report has become a FUNDAMENTAL piece of information in a person’s financial story. This report can affect a person’s ability to purchase a home, borrow money or even affect their employability. In this article you will learn:
What is a credit report and credit score?
What information does this document contain?
Key elements to improve your credit score?
Defining hard credit checks verses soft credit checks.
Why do employers check your credit report?
How China’s credit report differs from the UK’s?
The impact of a bad credit score?
In the last few decades, introduction of new technology has affected many aspects of our lives. Banking has become quicker and easier because of online and telephone banking. Customers no longer have to queue for hours at the bank to deposit money or speak to customer services.
Young folk are most of the times the ones keeping up to date with the latest technology fads and movements. They are quick to conform to these swift-moving developments. The big question is “Are our children/ youth ready for the finance technological world.”
Coupled with this fast changing technology, how do we teach them the foundational principles of money before launching them into the finance technological age?
DISCLAIMER: The articles and videos on this site should not be taken as financial advice. Please contact a financial professional for specific advice regarding your situation. Any references to interest rates, giveaways, deals, products, and websites are subject to change without notice. We try our best to keep the information current, but things are always changing so it may be different now than when it was first published.