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Start teaching kids about financial success as early as kindergarten, says BusyKid CEO

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Gregg Murset, CEO of BusyKid, believes that teaching kids about financial success and saving from an early age is crucial to avoid debt and set them up for a secure future. He emphasizes that it is not just the parents' responsibility, but also the children's, to think about college expenses and financial planning. Murset's views are based on the rising cost of college education and the challenges faced by many Americans in saving for tuition costs.

With the cost of college on the rise plus an unstable debt load, the best thing parents can do is to set children up for financial success — and that can start as early as the kindergarten years. Gregg Murset, CEO of BusyKid, a chore app that provides kids with debit cards and financial education, believes the best way to avoid "digging yourself into a hole of debt" is by starting the saving process much earlier.

And while this may sound like a task for the parents, it's also something the kids should get involved with, according to Murset, who is based in Scottsdale, Arizona. MANY AMERICANS VALUE COLLEGE EDUCATION, BUT STRUGGLE TO SAVE FOR RISING TUITION COSTS: SURVEY "I think it's really important that not only the parents start thinking about this, but the kids start thinking about it, too, because who made the rules that it's all up to the parents to pay for college anyway? I don't like that rule," Murset told FOX Busines

 

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College savings should start in kindergarten and kids should be involved: financial expertGregg Murset, CEO of the app BusyKid, says it's better to start saving for child's college education early and have them help with the responsibility along the way.
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