Did You Know??

Recently Arthur C. Brooks wrote an article in the Op-Ed Section of the Wall Street Journal in which he recalled the now famous 1972 Stamford psychologist who did an ingenious experiment.  He placed a marshmallow in front of young children and told them if they wait fifteen minutes before eating the marshmallow they would receive a second one as a reward.  Thus, for the investment of fifteen minutes they could have two marshmallows instead of one.  About two thirds of the children failed the experiment as they desired immediate gratification and gobbled up the single marshmallow right away.  What are we doing to teach our children to save?

**Money Saving Articles**

Property Settlements & 3rd Party Transfers

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7 Crazy Taxes from the US and Abroad

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Rising Poverty Rates Take a Toll on Two Generations: Young Children, Young Parents, Single-Mother Families Disproportionately Hit by Weak Economy

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Financial Literacy Rankings

New research by the nonpartisan Employee Benefit Research Institute (EBRI) finds that the residents of New Hampshire and Alaska rank at the top of financial literacy and financial behavior, while residents of Louisiana and West Virginia rank at the bottom.

For further reading go to “How Do Financial Literacy and Financial Behavior Vary by State?”

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5 Things You Should Know to Avoid Fake Check Scams

CFA has partnered with the National Consumers League to release new tips, Five Things You Should Know to Avoid Fake Check Scams. CFA also announced two new videos, one on the sweepstakes/lottery fake check scams and the other on work-at-home fake check scams.

Click here for more information and to watch videos on Check Scams

Teaching Kids the Value of Money

Financial experts say parents and caregivers should absolutely not avoid the topic of teaching children the value of money. If taught properly, it will promote responsibility and empower the management of their own money in the future.

Click here to read the full article. Teaching Kids the Value of Money

Landmark Research Links Kids Bright Financial Future to Los Angeles Rabbit

Over the last ten years It’s a Habit founder Sam X Renick and Sammy Rabbit have delivered their dynamic brand of financial education to more than 250,000 students, parents and teachers in 35 states and 7 countries.

Click here for the full article. Research Links Kids Bright Financial Future to Los Angeles Rabbit