The Importance of a Good Financial Education
Most children have a way of living up to expectations, and if you expect your child to make responsible, intelligent decisions, the chances are good that he or she will not let you down. For instance, you probably want your children to grow up to be responsible consumers so that they do not spend their lives floundering in debt, particularly if you are afraid that you may end up footing the bill for their monetary mishaps.
Take Charge of Your Children’s Financial Education
It is one thing to expect the best for your children and another to actually provide them with the tools to succeed. If you want your children to grow up to be fiscally responsible adults, you are going to have to take charge of their financial educations. Schools may teach children how to count money and offer courses on how to balance a bank account, but they don’t teach kids much about how to shop wisely.
For instance, your kids will probably never hear their teacher advising them to use Nike coupons for their next athletic footwear purchase. It’s up to you to impart your smart shopping skills to your children rather than expecting the schools to do so for you. [Read more...]