New research suggests most parents are waiting too long to teach their children about money. This article highlights three essential money lessons parents should teach their children, emphasizing the importance of starting early and making money management a family affair.
Parents all over the country are breathing a sigh of relief that all that frantic back-to-school preparation is over . But is there an important item you forgot to put on the list? New research suggests so.
So, let’s look at the three things you need to put on the checklist for your children about money and its mastery … not just for this year, but to change the course of their lives.Twelve years old is far too late to try to nurture the right mindset for smart money management. And the vital “it’s finite” lesson is the fundamental reason.
But if the previous lesson might come across as a little negative, this is where you put a positive spin on it. Is it a Lego set? Giant squishmallow? Their first car? It helps to create “exquisite anticipation” too – use apps, progress charts, pictures – whatever works.
FINANCIAL LITERACY MONEY MANAGEMENT PARENTING SAVINGS BUDGETING
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