Lessons in financial literacy: Teach your children well
October 11, 2023
By Kerim Derhalli
Financial literacy is one of the most crucial skills a person can possess, providing the knowledge and tools necessary to achieve financial success.
With only 57% of American adults being financially literate, a strong education in personal finance is more critical than ever. An understanding of financial literacy can have a profound impact on children’s future success and well-being, fueling financial independence and thoughtful financial decision-making. In order to achieve this, we must establish financial goals for our children early, by teaching them strategies for success, helping them envision and plan for their future and empowering goal fulfillment.
Teaching children how to manage finances requires more than just a list of rules — it involves instilling a financial mindset. From proven strategies that nurture success to engaging activities, we can uncover the pivotal role parents play in goal establishment and fulfillment. This guide will prepare you to teach your children how to equip themselves for building a financially sound future.
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