How Do You Teach Your Children About Money?
Learning some of the basic concepts of personal finance early in life can help children make better financial decisions as they get older. But how do you, as a parent, teach these concepts?
We’ve looked at various tools and techniques for teaching kids about budgeting. But, of course, everyone has different ideas about how children should learn these concepts. Plus, many of us struggle with the basics ourselves, at least in practice. This can make it difficult to figure out how to teach these basics to someone else.
So what worked for you? How do you help your children understand how money works in the real world? What are you doing to prepare them for a strong financial future?