How to Teach Kids About Money in Simple Ways
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I’ve written numerous times about how to teach kids about money and why I believe it’s so important. With April being Financial Literacy month, teaching children about money is sort of forefront in our thinking but I believe it’s something that shouldn’t be relegated to one month of the year. I could list various stats as to why you should teach kids about money, but the bottom line is that it’s the loving thing to do. I’m sure you have made your share of mistakes in life, as I have made more than my fair share, and we want different futures for our children. Makes sense, right? 🙂
However, the rub is that many parents hold back from making money matters part of their’s child’s life. There are various reasons for that, from being ashamed of their own past or current mistakes, not knowing where to start, or simply thinking children don’t need to be bothered with money. The beauty is that you can often make financial lessons a part of your child’s life in very simple and everyday events – you just have to look for them. Yes, it does mean you need to be a little more sensitive to finding opportunities, but the nice thing is that they can provide awesome learning opportunities for you and your child(ren).
To read more about how to teach your kids about money in ever day settings, check out my latest article at Daily Finance…
Photo courtesy of: Nicole S
John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.
Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.
Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.