When you repeatedly say, “Money does not grow on trees” and neglect to explain how money is made and earned, you fail to educate your kids on ways to build wealth. For instance, if your kids see you continuously arguing and worrying about money, you inadvertently send a message of stress, conflict, and scarcity. Kids observe, learn, and imitate their parents’ behaviors in every aspect of their lives. Luckily, kids can always rely on their first teacher and role model - you. Whether your kids have a basic understanding of finances or are experienced in researching and buying stocks, it is your responsibility as a parent to teach them financial management concepts that will help them grow into fiscally responsible adults.įinancial literacy classes are often excluded from most school’s curriculum. Sound familiar? It certainly does! These are some of the common and awkward questions that your kids may have asked from the time they saw you leaving for work to the times they may have seen you struggling to pay bills. Why can’t we have a big house like my friend Peter?.Why can’t you buy me the new Katherine Johnson Barbie doll?. You are driving down the road with your daughter headed to your favorite coffee shop, and she starts asking a barrage of questions.
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