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Empowering Potential Home Buyers by Learning to Set Money Aside
Date:5/30/2013

Minneapolis, Minnesota (PRWEB) May 30, 2013

FINRA Investor Education Foundation released the State-by-State Financial Capability Survey which includes rich data illuminating how U.S citizens make ends meet, plan ahead to purchase a home they want, and manage financial decisions. Minnesota home buyers financial capabilities to buy a home prove to be stronger than the national average in most categories.

"Sometimes real estate buyers find that trade-offs must be be made between buying in a desired neighborhood, buying the ideal home, and what they can afford. Challenging decisions when trying to buy a home and gain a quality loan, often remind home loan applicants of just how glad they are for every dollar they learned to save,: says Jenna Thuening, owner of Home Destination.

The Consumer Financial Protection Bureau, including comments by Richard Cordray at FINRA Investor Education Conference in Washington, D.C., May 29, 2013 spoke on teaching children to learn the virtues of saving early on in life.

First, we recommend that financial education should start early and be continuous. When we do not teach children about personal finance – about managing household budgets, saving for the future, or making informed decisions about larger investments in an education or a home – we are failing them in a shamefu
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