Teach Kids about Money – Strategies for Raising Smart Spenders at Every Age
It’s never too early to teach kids about money. Whether they are 5 or 15, you should have an honest conversation with them about finances. With young people digging themselves into debt with credit cards at an alarming rate, make sure that your children have the tools to make good choices when they are out on their own. Ask any adult in their 30’s, and you’ll find many of them still paying off the credit card debt they acquired in their 20’s. When you teach kids about money, it’s best to lead by example. Start by making sure that your own finances are in order. After all, how can you expect your child to have good spending habits when yours may be out of control?