Insights
"Train up a child in the way they should go and when they are old, they will not depart from it." Proverbs 22:6
One of the best ways we can teach our kids is by modeling things in front of them. Making financial conversations a family topic can be incredibly fruitful long term for all.
- Start young, start simple: A piggy bank is so easy and kids love adding money to it!
- Demonstrate balance: Teach them the balance of spending, savings and generosity.
- Teach them to track: Teach them the habit of keeping track of how much they spend and where.
- Help them understand value: Is it worth it or would our money be better used elsewhere?
- Goal setting: Help them develop goals and celebrate when they hit them.
- Teen investing: Chores and summer jobs are great opportunities to talk about investing basics.
Check out the article in the comments for some more ideas of how to start the conversation. How do you teach your kids about money? We’d love to hear how you’re equipping the generation around money.
