Talking Dollars & Cents With The Kids
It's imporant to discuss finances with your kids and make sure that they are armed with good financial information, especially when it comes to helping them become better prepared to make smart financial decisions throughout their lives. As a financial expert and parent, I've learned how to pass on the basics about money to kids without them realizing they are learning the important lessons of spending, saving, inflation and even diversification.
Throughout the summer, there will be many opportunities for parents to have money conversations with their kids and take advantage of teachable moments to improve their child's financial understanding.
How to discuss finances with your kids:
Take advantage of more time together
Involve your kids in vacation planning and budgeting
Create a plan for summer job money
Set discretionary spending limits for special summer activities
Hold a family financial game night
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