In this week’s video, Curtis Congdon, President of XML Financial Group, shares valuable strategies for helping children build a healthy understanding of money. Curtis and his spouse follow a simple yet powerful approach to teaching financial responsibility: the 50/40/10 method. Under this system, children allocate 50% for personal spending, 40% into an investment account (not a traditional savings account), and 10% toward a giving account.

This strategy not only encourages smart money habits, but also reinforces meaningful values — helping kids learn why investing in their skills and future matters, and why supporting causes they care about can make a real difference. It steers them away from a mindset of constant consumption and buying the latest trend, and toward one of thoughtful financial choices and purpose-driven giving.

Have questions about how these insights and ideas could impact your personalized wealth management strategy? Let’s talk.

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