5 fresh ways to teach kids about money, from a financial planner who's also a mom
- Teaching your kids good skills and habits around money — like how to save and give to others — is super important.
- But teaching them how to manage their emotions around money and how to think about money will help them make better financial choices.
- As a financial planner and a mom, I talk openly and plainly about money with my kids, help them learn that spending money has tradeoffs, and I guide them but let them make mistakes.
- SmartAsset's free tool can find a financial planner to help you take control of your money »
You've likely heard about give, save, and spend jars, or encouraging your kids to compare prices at the grocery store to teach them about money. And although these skills and habits are super important, the most important things you can do are help them learn how to think about money and manage their emotions related to money.
Don't get me wrong, skills and habits are super important, but feelings and beliefs will determine their financial behavior. It may sound like a big task, but there are some simple things you can do that will have a huge impact.See the rest of the story at Business Insider
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