Primerica

Archive for March, 2018

Mar

29.18

Teaching kids to have a healthy view of money provides them with an essential life skill — and if you’re a parent, you probably want to ensure that your children are set up for success when dealing with financial matters before they leave home.

When it comes to financial literacy, U.S. school systems are struggling. Only 20 states currently mandate that high school students take a course in economics and only 17 require them to take a personal finance course.1

What’s more… less than 20 percent of teachers say they feel competent to even teach personal-finance related topics!2

Bottom line? Financial education starts at home.

Here are five ways to encourage your children to develop positive money management skills:

Make sure your own financial house is in order. Children learn by example. Take stock of your own financial habits. If you think you may have some weaknesses in certain areas (outstanding debt, no emergency fund, etc.), you could consult the assistance of a trained professional by contacting a Primerica representative today.

Save coins in a clear jar. Drop change in a clear jar so your child can see the accumulation of a little becoming a lot over time. Make each deposit a learning experience. Once the jar is full, the two of you could make another activity by rolling the coins (banks still accept rolled coins) or taking them to a coin counting machine at a grocery store (these usually charge fees).

Teach money with books. Invest in children’s books that tackle the topic of money management. There are plenty of colorful and creative ways writers and illustrators have found to approach the subject of personal finance.

Help them shop smart. Children can learn a lot from trips to the grocery store. Use shopping trips as learning opportunities to make smart financial choices. Check labels and discuss what makes sense and what doesn’t. Talk with your child and let them help you weigh options and make choices.

Let them manage their own money. Aside from an allowance, which can instill the value of work and money, think of ways your child can manage money you’re already spending on them. Set up budgets for back-to-school shopping, extra-curricular activities, for party planning, or when buying anything new and let your child make the financial decisions that affect him or her.

1 CouncilforEconed.org, “Survey of the States,” January 2016
2 WSJ.com, “Should College Students Be Required to Take a Course in Personal Finance?” March 19, 2017
450977

 


No Comments »


Posted in Primerica |

Mar

16.18

You work hard for your money and look forward to payday… Who doesn’t? But over the past few months, you may have noticed your paycheck has increased – and not because of a promotion or extra hours worked.

 

It’s possible you have gotten a little extra income lately thanks to Congress’s new tax law changes. It’s estimated around 90% of workers saw an increase in their take-home pay.*

 

With a little more money at your disposal, it’s easy to let this ‘found’ money dissolve into your budget or get eaten up by unimportant expenses. But you have an opportunity to do something important with it…

 

Don’t miss the chance to put this income to work FOR YOU. Somewhere it will make a BIG impact, like protecting your family, saving for your future, or even starting a business.

 

Are you putting your tax savings to work for your future? YOU are in charge of your financial future, so it’s up to YOU to seize this opportunity.

 

* Marketwatch.com, “Mnuchin says 90% of workers will get more take-home pay under withholding change,” January 11, 2018

Primerica Representatives are independent contractors. Representatives are not licensed to sell all products in all states/provinces. Representatives may provide products and services only to individuals in those jurisdictions where they are licensed or approved.

Life-licensed Primerica representatives are agents of certain affiliated Primerica Companies. In New York, term life insurance products are underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, New York. In the United States (except in New York), term life insurance products are underwritten by Primerica Life Insurance Company, Executive Offices: Duluth, Georgia.

In the U.S., securities are offered exclusively by PFS Investments Inc. Advisory services offered through Primerica Advisors, which is the trade name under which PFS Investments Inc. conducts its investment advisory business.

446388

 


No Comments »


Posted in Primerica, Tips |

Mar

14.18

Primerica was recently recognized by The Atlanta Journal-Constitution as one of the best workplaces in Georgia. Primerica appears on the list for the fifth year in a row and is the highest ranking Georgia-based public company! Read more about Primerica.

 

To learn more about how the Atlanta Top Workplaces were chosen, click here.

 

441184


No Comments »


Posted in Primerica |

Mar

09.18

Last December, Congress passed the Tax Cuts and Jobs Act, giving many families the unique opportunity to go home with a bigger paycheck. Although the exact increase varies by income, the Tax Policy Center estimates that the average household will save about $1,600 per year.1

 

Because this tax law change was unexpected, it may give people the ability to solve long-term financial struggles without causing any short-term budgeting stress. Here are just a few of the ways to handle the extra money and put it to work for you:

  1. Save for the future: If you could live on your paycheck before the tax law changes, you can most likely live on the same amount now. Simply because you can spend more, doesn’t mean it’s in your best interest! Saving even more money for your future is one of the top ways to make the most of your higher take-home pay.
  2. Pay down debt: While we should always be working to eliminate debt, a paycheck increase is a great time to accelerate these efforts. The easiest way to build a positive net worth is to eliminate any credit card debt, student loan debt, etc. that stands in your way. Using this money to pay off debt will positively impact your financial future, regardless of how little or how much more you put down.
  3. Build your emergency fund: An emergency often requires people to dip into their savings, causing an even greater unexpected financial burden. Set aside this money to cover unpredictable costs that may arise. This way when your car needs a pricey repair or the water heater breaks, you’ll have a cushion to fall back on.

 

All in all, it’s estimated that 90% of workers will see an increase in take-home pay this year.2 This type of opportunity shouldn’t be taken lightly and may help you achieve your financial goals without affecting your day-to-day income needs. Don’t miss the opportunity to use your money to your advantage, without having to change your lifestyle! What could be better than that?

 

  1. Taxpolicycenter.org, “The TCJA Would Cut Taxes By An Average of $1,600 in 2018, With Most Benefits Going To Those Making $300,000-Plus,” December 18, 2017
  2. Marketwatch.com, “Mnuchin says 90% of workers will get more take-home pay under withholding change,” January 11, 2018

Primerica Representatives are independent contractors. Representatives are not licensed to sell all products in all states/provinces. Representatives may provide products and services only to individuals in those jurisdictions where they are licensed or approved.

Life-licensed Primerica representatives are agents of certain affiliated Primerica Companies. In New York, term life insurance products are underwritten by National Benefit Life Insurance Company, Home Office: Long Island City, New York. In the United States (except in New York), term life insurance products are underwritten by Primerica Life Insurance Company, Executive Offices: Duluth, Georgia.

In the U.S., securities are offered exclusively by PFS Investments Inc. Advisory services offered through Primerica Advisors, which is the trade name under which PFS Investments Inc. conducts its investment advisory business.

441180


2 Comments »


Posted in Primerica |