The start of a new year is an ideal time to start teaching kids about money.
The start of a new year is an ideal time to start teaching kids about money. Financial experts say talking to children about money helps better prepare them to manage their finances when they become adults.
A good resource for ideas about discussing money with kids is www.moneyasyougrow.org, presented by the President's Council on Financial Capability. The website offers tips and activities for children as young as three-years-old. The site offers age-appropriate information about earning interest, using credit cards, managing money and more. Helpful ideas include creating jars for saving, sharing and spending and relating waiting in line to waiting to buy something.
The site also recommends other trustworthy sources for information about educating children about financial matters.
-Melissa Kossler Dutton