Spectrum Management Blog

By Spectrum Management Group | June 16, 2017

Why Kids Should Stash Summer job Cash in a Roth IRA

A summer job is the perfect opportunity for parents to introduce kids to some smart money habits, such as saving. And there's a good case to be made for putting at least a portion of each paycheck in a Roth individual retirement account.

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Topics: Personal Finance, children, saving

By Spectrum Management Group | June 14, 2017

To Raise Better Kids, Say No

Despite the temptation for parents to say yes to their children's wishes, research shows there's an insidious side to chasing after the newest thing others have. It fosters a sense of deficiency that can never be fully satisfied.

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Topics: Financial Planning, children

By Spectrum Management Group | May 5, 2017

Teach your Kid Responsibility: Help them Start a Business this Summer

There are millions of stories of children who make money during their summer vacation. When you were a kid, you probably did the same thing. Maybe you did chores around the house, or things for your neighbors. Whatever you did, you looked forward to that cold, hard cash you got at the end of the week.

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Topics: Financial Planning, behavior, Personal Finance, children

By Spectrum Management Group | March 23, 2017

Video: Delayed Gratification is the Key to Financial Success

"Make Your Kid a Money Genius (Even if You're Not): A Parents' Guide for Kids 3 to 23 author Beth Kobliner shares the best traits you should teach your kids. In this video Kobliner emphasizes the importance of teaching your kids delayed gratification.

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Topics: Financial Planning, behavior, Personal Finance, children