Parents and grandparents want to help make the child or children in their lives smart about money. I am often asked for tips. One tip I don’t talk about often enough is how to teach your child the language of money – and I am not just talking about the Rule of 72!
In our O.M.G. Official Money Guide for Teens, College Students and Couples book series, we talk about how to learn not only the mechanics of money but also how to employ this knowledge successfully using soft skills, like the ability to delay gratification.
Since I first published my list of “important money phrases to learn”, I have come upon one more that I think is worthy of adding to the list. So here’s my new list – refreshed with some new knowledge: