The Best Time to Teach Your Kids About Money
Reports show that most parents don't talk to their kids about money. The main reason is that they don't feel confident about sharing personal finance lessons with them. As a result, the vast majority of kids enter the real world without ever learning about money in school or at home.
I was one of those kids. I had a part-time job in high school, so I earned money to go out with my friends and buy a few things. But that experience alone was not enough to equip me to manage money well. In college, I racked up credit card bills, partially because I didn't have money for school expenses, but if I'm honest, it was because I bought things I didn't need. It took a long time for me to get back to get to a financially healthy place.
This is why I am so passionate about teaching our kids about money. And it's a topic I have talked a lot about here on the blog.
If we don't teach your kids how to manage money, somebody else will.
We don't have to have a perfect financial record or have reached our financial goals to talk to our children about this topic.
You can give your kids what they need to win with money at any age when you:
Decide what you believe about money.
Start the conversation about money with the kids when they are young.
My conversation with Art Rainer on The Family Culture Project podcast reminded me of just how much fun learning about money can be. He created a series of chapter books that teach kids ages 6-9 basic financial principles.
The Great Lemonade Stand Standoff (The Secret Slide Money Club, Book 1)
Trouble at the Toy Store (The Secret Slide Money Club, Book 3)
These books follow Jake, Sophia, and Brody on adventures that teach them about the biblical financial principles of give, save, spend.
Stories, especially fun and entertaining ones, are incredible tools to teach kids life lessons.
Listen to my interview with Art Rainer on The Family Culture Project podcast here >> Art Rainer and The Best Time to Teach Your Kids About Money
Be sure to subscribe to the show in iTunes or your favorite podcast app so you never miss an episode.
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