6 Smart Money Habits for College Aged Kids (Most Crucial are the Final Two)
One of the most valuable lessons to pass on to your children is the importance of how to save and invest money.
When New Zealanders were given the all-clear and Kiwis began returning to work after the Covid-19 lockdown, some employees were nervous about the state of businesses.
Jenny Beck, an attorney who runs a law office in Dunedin, had heard many small businesses were in dire straits because they depended on tourism—and she got an idea.
At the first staff meeting with everyone back from lockdown, "the mood was anxious," according to the Otago Daily Times, New Zealand's oldest daily newspaper.
But, instead of pink slips or salary cuts, the law firm owner gave each of her 14 employees $1000 in cash.
"I told them, and just about everyone cried—and I felt like crying myself," she told reporter John Lewis.
The shocked workers were also given a caveat regarding what they could do with the money—paying it forward.
Jenny gave them "stern words" to spend the cash on small businesses, suggesting they take a long weekend, paying for accommodation, food at local restaurants, and tourist attractions, to help get the local economies rolling again.
‘‘I also thought it would be fun, in that my staff would be able to report back on their breaks, and give everyone a boost.''
The office really got into the spirit, and began planning trips to a National Park, their favorite restaurants, and kayak rental places.
‘‘I'm really pleased that they've picked it up and run with it," said Jenny. "It's given a real boost to team morale.''
WATCH the interviews below… (Video screen grab courtesy of Otago Daily Times)
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