Ever wonder how to help your kids learn smart money habits – especially during the summer break? I recently shared top 5 tips for a special financial literacy insert with USA Today. Here is the link to the article: Money Matters: 5 Lessons to Teach Your Kids This Summer.
But I thought I would expand on these tips and share some examples of how our family personally applied them as well:
1. Teach choice. Introduce the four choices for money (Save, Spend, Donate and Invest) to your child using a divided bank or jars. Teach them that there is more to do with money than just spend. Present opportunities to make choices with their money as well.