"It's the idea of 'how soon' do we start having those conversations." In this episode of Relationships By Design, Dan and Carol discuss the importance of raising financially savvy kids, and the ways we can start discussing money with them at an early age.
"It's the idea of 'how soon' do we start having those conversations." In this episode of Relationships By Design, Dan and Carol discuss the importance of raising financially savvy kids, and the ways we can start discussing money with them at an early age.
The concept of money isn't something that a lot of children are familiar with. They see their parents walk into a store, swipe a card, and return to the car with: toys, candy, groceries and goods. It doesn't take much to shift their thinking into a basic financial framework, and there are a handful of ways you can help children grasp the world of personal finance a lot earlier than you'd think. It's all about the willingness to have the conversation, and laying it out in a way they'll understand.
One of the recurring setbacks is that people often believe money has to be a boring conversation, or at least too boring for children to be interested in. With a simple techniques like financial boardgames, discussing your kids' goals with them, and sparking that entrepreneurial spirit for them to get into the world and make their own money, you'd be surprised at just how interested they will become (and how much they'll learn along the way).
"It's about how can I support you, not just 'here's some money' and it's all better."
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