As a mom of three and a financial advisor, I’ve seen firsthand how essential it is to teach kids about budgeting, saving, and financial responsibility.
Equally important is educating them on what not to do, and here’s a prime example: a dangerous trend is circulating on social media, encouraging people to exploit a supposed “bank glitch” to withdraw free cash from ATMs. While this may seem harmless in viral videos, it is actually bank fraud and can lead to serious legal trouble for you or your kids.So, here’s what this is.
As a financial advisor mom, I think about the long-term potential as well as the implications of every financial decision, not just for myself but for my kiddos. This is our opportunity to set a positive example by showing them that quick fixes rarely lead to lasting success and often come with serious repercussions. Earning honest, consistent income/pay should be the goal.
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