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Janine Wolf

Have You Ever Done This To Your Kids?

 
Have You Ever Done This To Your Kids?
Posted March 27th, 2014 @ 4:39am

A new survey on parents, kids and money found out 30% of parents admit they sometimes "borrow" money from their kid's piggy banks.

48% of parents bribe their kids with money to behave.

52% say it's more important to save for their kids' college than their own retirement.

44% said the best way to save for college is a savings account...only 34% knew about a 529 account, which is a college savings account that offers tax breaks.

And 7% of parents said the best way to save for college is a UBO-67 OR CS213 account...neither of which actually exists!

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