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Allowance Investing Money Choices My Story

How Do I Teach My Kids About Money?

November 16, 2022by Susan BeachamNo Comments

I am often asked by parents what they need to do to teach their kids about money. Before I answer I usually ask the parent to tell me about their money behavior, their money values. Inevitably, it leads us to another conversation – how money was handled in their lives. How they remember the lessons from their parents. That conversation is the critical first step that parents need to take before they begin to teach their kids about money. I call it a “look in the mirror” moment. Why? Because we all carry money baggage around with us. Understanding what that baggage is – both good and bad – is important as it will come through in the lessons you teach your kids about money.

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About Susan

A sought-after speaker for financial institutions, state regulatory agencies, trade associations, leadership conferences and schools, she is the creator of the Money Savvy Pig piggy bank-- the centerpiece of the Money Savvy Kids Basic Personal Finance Curriculum.

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