Running a household offers many opportunities to teach kids and teens about finances. The sooner they start learning about money, the more financially responsible children will be as adults.
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The world is advancing at an exponential rate. How we teach our children about money needs to change as well. As this latest generation matruees, they will be faced with complexiuties and decisions parents today never faced. With the addition of an unexpected event like COVID, financial literacy needs to be brought to the forefront of the dicussion.
We are in a time of uncertainy. As parents, the best way we can protect and prepare our kids for adulthood is to teach them the basic of finance. Liz Frazier outlines just a few of the positives that come with financial education.
With COVID thrusting the world into a state of flux, finances can be a major cause of stress for families. Millions of Americans have lost their income, and those who haven't are worried they might be next. If this pandemic has show us anything - the need for financial education and literacy has never been more critical.