LAGUNA HILLS, Calif., July 19, 2021 /PRNewswire/ -- KidsFUNance.com is a new online tool offered by Laguna Hills wealth management firm, Align Wealth Advisors, to increase children's financial literacy. Segmented by age, the KidsFUNance.com interactive web experience includes videos, games, quizzes, exercises, and apps for earning, saving, and investing.
"This is something our children need their whole lives."
KidsFUNance.com is one of the only Advisor-built sites where children have access to a wide range of tools in one location that will build their knowledge and financial confidence. There is a membership area where your child is able to apply more practical techniques to their financial understanding such as running their own virtual business and interacting with peers.
Karie Evans, Director of Business Development and creator of the program, explains, "I have two young children; this subject is near and dear to my heart. I speak with other parents all the time about the lack of proper resources when it comes to financial literacy for children. High schools may offer a few worksheets on the subject, but studies show many children's saving and spending habits are formed as early as age 7. This is something our children need their whole lives."
Children are entering adulthood without the tools necessary to excel in the financial arena. The average debt of American Millennials is $87,000, mostly student loan debt, according to Debt.org.
When it comes to credit cards, young Americans owe an average of $5,800 in credit card debt. And around 30% owe more in credit card debt than they have in emergency savings, per a Spendmenot.org survey.
"As wealth management leaders, we are coming from an endpoint of having an established, well-thought-out lifestyle plan where your money serves your core values throughout your whole life. This starts at the very beginning with educating our children to understand the benefits of a sound knowledge-base of saving, investing, credit, loans, and more," says Nicholas Yrizarry, President and CEO.
About Align Wealth Advisors
Align Wealth Advisors is a lifestyle-based planning and investment firm that works to help clients align their personal values with their financial plans. For more information, visit www.AlignWealthAdvisors.com or call (949) 715-8585.
CA Insurance Lic. #0G80589. Securities offered through Securities America, Inc., member FINRA & SIPC. Advisory services offered through NY&A, LLC DBA Align Wealth Advisors. NY&A, LLC and Securities America are separate entities.
View original content to download multimedia:https://www.prnewswire.com/news-releases/wealth-management-firm-align-wealth-advisors-takes-childrens-financial-literacy-to-a-new-level-with-innovative-kids-funance-platform-301335982.html
SOURCE Align Wealth Advisors