Your Child’s Financial Future
The ACA International Education Foundation teamed up with USA Today recently to release a special supplement dedicated to youth financial literacy. While the supplement was only released in hard copy to select Northeast markets, the online version is now available and linked at the end of this blog post.
The supplement outlines three major tips from the ACA
1. Encourage schools to organize financial education programs.
2. Train more teachers in financial literacy.
3. Introduce children to savings accounts at a young age.
“Children with savings accounts are seven times more likely to attend college”
The supplement suggests teaching children about savings, credit, budgeting, and managing their money starting at a young age.
“It’s never too early or too late to talk with your kids about personal finances,” said Dave Canella, President of the Associated Collection Agencies of Colorado and Wyoming.
A Tip From Industrial Credit: Allow your child to collect an allowance. This will provide them with a hands-on lesson in savings and budgeting. When they are teenagers, you can introduce a pre-paid debit card that allows them to pay for their entertainment, clothing, and music without overspending or dipping in to their savings. You can preload the card at the beginning of the month and have it include their lunch money, money for the movies, money for school dances, etc. Allow them to make personal choices and ask themselves, “If I want to go to the movies twice this month, how much money per-day do I have to spend on lunch at school?” Yes, they might stumble a time or two and come begging you for lunch money at the end of the month, but by the time your child is ready for college he or she will understand the importance of budgeting. You have now given your child one of the greatest gifts, financial education. Knowing your child is independent and smart with their money will help you feel at ease that first day you drop them off at their dorm. To read the USA Today supplement, click here!
Top 5 Reasons to Hire Us
1. We are experts.
ICS has been helping Accounts Receivable departments all over the nation since 1966.
2. We help a wide demographic of industries.
Everyday we help people in construction, the medical field, equipment rental, wholesale construction supply, etc.
3. We have perks.
-We don’t get paid until you do. Meaning, if we don’t collect your money, than we don’t make money. Therefore, we work hard.
-We aren’t going to nickel and dime you with start-up fees. Our rates are straight forward and we have no surprises.
-We offer our clients 24/7 access to their accounts through our online client portal. We are proud of our work so we don’t hide it. We believe in open communication and transparency. After all, it’s your money.
-We have a Starbucks Referral Program. Should you refer new business to us, we will reward you with a Starbucks card, loaded and ready to spend!
4. We have an awesome legal team.
Our in-house legal team is ready to take action if we get to that point with your account. We have the ability to work accounts all over the country.
5. We’re Real.
We aren’t outsourcing our collectors. They work right here in our Oregon and Washington offices. We are also a family owned and operated business.
Do You Owe Money?
Have you been turned over to collections for a business debt?
If so, you probably have a lot of questions about the collection process. ICS prides itself on working with both sides. Many of our clients are simply looking to collect the debt, not ruin their business relationships. If you need advice on debt resolution please comment* below and we can get the dialogue started!
*The purpose of the comments are to help you, not attack anyone.
One Big Tip:
Offer to put down some cash and then make payments. Collectors are looking to negotiate a deal and work with you on your debt. If you can’t pay the whole bill upfront, at least try to negotiate a payment arrangement.
