In this episode of Raising the Next Gen, host Sonia Dong welcomes Tara Downey, owner of Tru Insurance & Investments, to discuss financial literacy for teens and young adults. Tara shares her journey as a single mom navigating financial challenges while raising three children, now aged 20-27.
She reveals practical strategies for teaching money habits from childhood through university, including the saving-spending rule she instilled in her family. She believes in empowering teens to take ownership of their finances and shares how she worked with her then-teenagers to budget for post-secondary education. She also discusses the distinction between good debt and bad debt, so young adults can make informed decisions about student loans.
The conversation highlights fostering financial confidence, creating safe space to discuss money and building skills that extend from the teen years into independent adulthood.
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Tara Downey is the owner of Tru Insurance & Investments. She possesses over twenty years experience in financial services, both in financial advisory roles and roles. On the corporate side of the finance business, Tara knows firsthand all the great opportunities in the financial advisory business. She focuses her work on helping women and families gain a positive money mindset in order to live a more confident and joyful life. She is also a mom of three and they are twenty, twenty five and twenty seven.
Follow Tara on Instagram @inspiredbytru and learn more about her services on her website.
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