Today’s fantastic family finance article is:
What’s the Best Way to Teach Financial Skills to Children?
When it comes to money, there’s no need for fancy sit-down lectures.
It’s the everyday banter where the real learning lurks.
You’re in the grocery aisle picking out peanut butter with the kids. What’s the unit price of one brand relative to the other? What is unit price? Are we willing to pay a larger unit price for one brand over another? Why? What happens to the unit price as the size of the package goes up?
You just swiped your credit card at the checkout stand. Where is the money coming from? Does it come out of your bank account right away? No? So you got a mini loan? When do you have to pay that loan back? What if you don’t pay it back at the end of the month?
As adults, we take these simple money mechanics for granted almost everyday, but your kids have no idea.
Unless you tell them. Early. Often. Repeatedly.
Seize an everyday money moment today.
See today’s article for more tips from 3 experts and a depressing graphic that will emphasize the importance of your money mentoring role. (Hint: you’re in charge because schools certainly aren’t.)
Get tomorrow’s tip here.
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