Financial literacy means having the knowledge and skills to manage your money successfully and confidently. These concepts are big and complex and maybe too much for kids to understand.
Early financial literacy gives your kids as much time as possible to learn & internalize the skills you’d like to impart to them. Here are ten ways you can start building good money habits in your kids.
Children constantly observe and learn from people and the world around them. Therefore, one of the best ways to instill financial literacy in kids is to model good money habits.
One of the best ways to do that is to take them shopping with you. You can then weave in financial literacy lessons by showing them how you spend less on the things you need to buy.