5 Financial Tips Every Young Woman Should Know
The earlier in life you can start to develop your good money habits the richer your financial future will be to become a financially stable woman, here are 5 financial …
Modern parents often wonder when it is the right time to start teaching kids financial literacy. I often advise that as soon as your child knows the difference between a $1 bill and a $20 bill is probably the right time. Some parents assume that it’s best to leave such adult matters for some later time. About 34 percent of moms and dads citing that childhood ends all too soon as it is, which is all the more reason to start laying the groundwork for a healthy financial future as early as possible.
The great news is that there is a compromise for parents who want to work with their kids to develop a solid financial knowledge base while “letting kids be kids.” Using kid-friendly financial activities is the perfect way to provide important lessons in money matters while keeping things fun and engaging.
Once kids begin to show an interest in money in order to buy a new game or toy, or so they can start paying for their school lunch; it is a good time to start introducing basic financial literacy activities like the following:
Don’t underestimate the power of kids’ curiosity, especially when it comes to money. Like most other things, kids do better when you fully explain financial matters that include responsible spending and saving. Adding some fun and practical activities offers them the chance to gain important experience.
Contact me today to learn more about financial literacy activities for kids to help empower their financial future and give you peace of mind.
The earlier in life you can start to develop your good money habits the richer your financial future will be to become a financially stable woman, here are 5 financial …
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