What tools are available to help you raise financially-smart kids and avoid entitlement. Tips and strategies – How do you teach kids about money? You have to start off slow like learning to ride a bike. First, start with training wheels, then remove the extra wheels and hold on to the bike – helping your [...]
Do you ever wish that you had started to save and plan for your retirement sooner? What a gift that would be. And while that’s not possible, it’s a gift that you can give to your children.
That’s why teaching kids the basics of money should be a top priority. It sets them up for success later in life and reduces the number of times you’ll be asked, “can I get that?”
Just as our parents and grandparents of the Great Depression era developed deeply ingrained attitudes about finances from their experience, our teens can share in the lessons of today’s “great recession” generation. The first step is to make your teen a partner with a stake in the family financial enterprise.