How To Talk To Your Kids About Money

Talking about money is often a taboo subject, especially among family members.

However, it is important to be able to know how to talk to your kids  about money at an early age, so that you may ingrain them with good  financial habits.

We can teach them why we save money at an early age with props like a  piggy bank and take them to grocery shopping to show them how to make  purchases.

Conversations with your teens about anything sensitive can be awkward, especially about being fiscally responsible with money.

Start To Teach Them Early

We began to set money limits by giving  money for after school for the whole week. They learn something about  allocating more money for the days they have plans with friends.

Wants versus Needs

Having credit cards are a big responsibility for everyone. Credit card debt is toxic to all to carry large balances.

The Dangers of Credit Cards Versus Debit Cards

The T. Rowe Price study found the effectiveness of financial education in the home or school were both falling short.

Financial Education For Your Family

We all wish we did everything well. The  truth is that we make mistakes. We want our children to do better than  us in education, making money, and managing money.

Be Honest With Your Mistakes

Teenagers can  contribute to a Roth IRA up to the amount they make from eligible  employment.

(Kiddie) Roth IRA

Swipe Up To Read More