Money discussions can be difficult, especially when talking to children. Beth Kobliner aims to help Fort Bragg Families manage these discussions when she visits the installation, Sept. 14.
Kobliner is a respected authority on personal finance and recently released the book “Make Your Kid a Money Genius (Even If You’re Not).” She will share advice about how to talk to children and young adults about money.
“By age three, children can understand basic concepts like value and exchange, and there’s a lot we can teach kids very simply about saving and spending,” Kobliner explained.
She encourages all types of Families, including grandparents and children, to attend the event. Kobliner will participate in an on-stage question and answer session with Jackie Thomas, of the Fort Bragg Garrison Public Affairs Office. She will answer questions about why it’s not good to pay for household chores, why paying kids for grades doesn’t work and more.
“When you teach your own children and discuss these issues, it also has an impact on parents and grandparents in that everyone ends up learning more about money basics and often saving and even investing more,” she said.
Kobliner will also discuss financial guidance for youth, including the importance of talking to your children about college when they are in the ninth grade.
“It’s just a range of questions for parents and children about saving, staying out of debt and good debt versus bad debt and investing for the future. It’s a real general sense of what you need to teach your kids at every age and I think parents will also gain something for themselves from it,” she said.
Helping service Families learn more about personal finance is one of Kobliner’s callings. Her father, an Army veteran, always stressed to her the importance of educating the military about financial freedom. So, she said she feels passionate about teaching these Families the best way to manage their debt and start saving.
“The added stress of being in the military on top of financial stress really can be overwhelming, but I am a real believer that by taking a few steps, you can really help yourself get in a better situation when it comes to paying off debt, starting to save and invest, so you’ll have good financial security,” Kobliner said.
According to the author, a poll by the National Foundation for Credit Counseling showed that 77 percent of service members have financial worries. She said one of the biggest issues for these individuals and their Families dependents is debt.
Kobliner emphasized the many tools military Families already have at their disposal, such as the GI Bill, VA loans and Financial Readiness Center. During the September event, she will go into more detail about how service members and their dependents can best utilize these services.
“I just think it’s so important,” she said. “It’s our obligation to make sure you, the military and service Families, have adequate preparation. It’s the least we can do.”
The Corvias Foundation is sponsoring Kobliner’s visit to Pope Theater from 10 a.m. to noon, Sept. 14. All attendees will receive a free copy of her book, “Make Your Kid a Money Genius (Even If You’re Not).”