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  • 3 months ago
This is how you break away from your parents’ bad money habits. Pennygem’s Natasha Abellard has the story.

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Learning
Transcript
00:00A lot of people can thank their parents for some of their great habits, but the
00:06same goes for the bad ones and that includes dealing with money. According to
00:10a 2019 survey conducted by advisor firm Edelman Financial Engines, 90% of
00:16parents say it's important for their kids to have good money habits. However,
00:20about 25% of participants said they either never or barely talk to their
00:25kids about money. So if you feel like you got some bad habits that you want to
00:28break away from, NerdWallet has the following suggestions. Learn how you
00:33have handled money in the past and see the similarities you have with your
00:36parents. Once you get that down, start working new habits into your money
00:40management skills. Then figure out your long-term financial goals to help keep
00:45you going. EveryDollar recommends that actively practicing gratitude is likely
00:49to help you feel less stressed about your journey to financial wellness.
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