School is starting…a great time to begin those critical money lessons! Below is a part of the great interview I did with the talented team at TheEverymom.com. Here’s the link to read the full article: TheEverymom.com – “What You Need to Know About Talking to Your Kids About Money”. Enjoy!
What You Need to Know About Talking to Your Kids About Money | TheEverymom.com
When I was pregnant, my very sweet mother-in-law gave me a gift for our future son: a piggy bank that is designed to teach kids how to save, invest, spend, and donate their money. I put it away because teaching a child about money was one of the last things on my mind. I was still pretty focused on the delivery and other crucial things like that.
But after he was born, my husband and I started having more long-term discussions about how to raise our son. A lot of these conversations revolved around money. Would we pay for college? What about a car? What is the “right” number of gifts for holidays and birthdays? And when should we start giving him an allowance?