As parents, we know that financial literacy for kids is critical. But how do we get started? Which topics should we teach, and when? In this post, I’ll answer these questions by sharing ten ways to build good money habits in your kids.
The tips and ideas below will cover a wide range of financial topics for just about every age and stage. I hope they’ll help you discover new ways to teach your kids about money. But before we dive into the tips, let’s first define financial literacy.
Financial literacy means having the knowledge and skills to manage your money successfully and confidently. Broadly, that means knowing how to:
– Save money
– Avoid debt
– Save and plan for retirement