Question Should you teach your child(ren) about money?
Complete Answer “Give me a fish and I can live for a day, teach me to fish and I can live for a lifetime”. Consistent with that theme and as your child’s first teacher, one of the most valuable lessons you could teach your child is how to manage their money – Financial Literacy. My parents used the expression, “How to stand on your own two feet”. Additionally, our children learn from seeing what we do.
There is a reluctance to talk about finances, especially with our children. “People would rather talk about their sex lives than their finances.”17 As difficult and awkward that may be, Financial Literacy it is one of the most valuable lessons a parent could give a child.
The “when” and “what” talks about finances will be covered in coming posts.
Financial Literacy Knowledge/Skill
Teach your child(ren) how to manage their money – Financial Literacy.
Comments or Questions
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Next week’s topic: When should you teach your child(ren) about money?