Parents need to use real life lessons to teach kids about money investinyou (In partnership with acorns.)
As parents of a 13-year-old, my husband and I take seriously our responsibility to raise a strong, self-aware and confident young lady.
Research findings by the Champlain College's Center for Financial Literacy suggest that most states get dismal grades when it comes to student financial literacy. Inadequate financial education leaves parents to figure out the lesson plans — even when they often are not trained effectively to teach the subject matter.Two simple insurance charges to understand when choosing health coverageSo, what is a parent to do? I'll share some stories that may spark your imagination.
Mom:"You are right. It is not an American Girl doll. Do you remember how much the American Girl doll cost?"Mom:"You know your numbers so well! Do you know many $20 bills will give us $100?" Although there was no market for her"luxury doll items," she eventually took an interest in making jewelry. When she made enough jewelry pieces, we would sell them together at neighborhood and school fairs along with other novelty items. My husband and I would also buy them from her as gifts for friends.
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Make sure your kids grow up smart about money with these strategiesMake sure your kids grow up smart about money with these strategies investinyou (In partnership with acorns.)
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