Helping your grandkids navigate the road to their financial future is one of the greatest gifts you can give. Make it a fun and natural component of your time together. Keep a journal and take photos of your journey, having the kids add notes along the way. They're going to treasure it when they're older and keep the tradition of financial education with their own children.
I know what it takes to pay my rent, keep my phone on, and get to and from work. I know enough not to live beyond my means. I am not in debt. But even armed with this knowledge, I don't really make an effort to save and inevitably when my rent is due, I have enough to write the check and buy a pack of gum.
I'm delighted to announce Financial Education, a new HuffPost section in partnership with Bank of America's Better Money Habits initiative. Financial Education will be a hub of stories, advice and tools to help you make informed money management decisions, from planning a budget and reducing debt to improving your credit score and refinancing a mortgage. Financial Education is rooted in the belief that by empowering ourselves to take control of our own financial lives, we can reduce the stress that so often accompanies financial decisions and at the same time improve the parts of our lives that are about so much more than money: our health, our families, our careers, our homes.
At this point in life, many 20-somethings are more interested in when the next game of Call of Duty will start than the best way to start building their financial future. However, there are those of us who want more out of life, and understand the immense power of time that we have in building wealth.