Kids and money

[Randy]

If you have kids, are you doing anything specific to teach your kids about personal finance?

If your kids are grown, did you ever teach them about money?

Did your parents ever teach you anything about money?

 

[PGen98]

Don't have kids, but my sister's partner teaches her kid about money in a really fun way. If she's good she earns a coin, if she's bad she loses a coin. It costs her 7 coins to go to her favourite trampoline place. Teaching her to be good or not get her way, also teacher her the value of her coins...so it's sort of teaching her about the value of money, at least at a basic level, she is only 5 lol

 

[ElegantAura]

Each person has their own approach to teaching kids about finance. In my opinion, when they are young, there's no need for very complex concepts. It's more about them observing and learning from your actions. Lead by example, make sound financial decisions, and the kids will naturally pick up on these habits as they grow up in the household.

I did this with my son, and it turned out really well. He's surpassed my financial skills.
Despite being just 19 when I became a mother, I did my best, even though I was still quite young and inexperienced.

 

[NeoMetallix]

I'll teach him basics as a youngster but in high school I will introduce him to how the system really works.

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