Financial Literacy for Kids
Practical money management skills learned at an early age can have a lasting impact on the rest of your child’s life. In fact, this is one of the most important areas where you can truly change the course of their life. Educating your children about financial wellness will help them build healthy spending habits for the future. Here are some great ways to teach your kids about money.
In short, teaching children about finances can be easier than it might seem. It just takes a bit of planning, a little patience, and some creativity. Once your child learns the basics of finances, you can increase their financial responsibilities by upping their allowance and helping them to open a savings and checking account. These lessons will help your child develop a healthy attitude towards money as they grow into adults. Free Financial Counseling Do you need help navigating your financial situation to be better equipped to teach your kids? Non-profit, GreenPath’s NFCC-certified counselors can help you build a spending plan, understand your credit report, come up with a plan to repay debt, and work with you to create an action plan to achieve your family’s financial goals. Once your child learns the basics of finances, you can increase their financial responsibilities by upping their allowance and helping them to open a savings and checking account, such as Scient’s new interest-bearing MySci accounts. These lessons will help your child develop a healthy attitude towards money as they grow into adults. This article is shared by our partners at GreenPath Financial Wellness, a trusted national non-profit. |