“Money is first and foremost a family matter. But money doesn’t come with instructions, neither do children. But the family wants to get it right. Financial education can change lives.” Candi Sparks
This father and daughter bond (captured in the photo above) includes providing a financial education from a young age. They attended the WFG Wealthbowl, complete with recognition and awards for the youngest money learners
Financial education either starts at home, or is lacking at home. In some cultures it is simply inappropriate to discuss money among the family. In others, the conversation is more like a fight over conflicting needs. Then there are the trust fund babies, who were added to financial plans generations ago.
The prevailing attitude in the home about money (whether consciously expressed or not), is the child’s biggest financial influence in life.
Spending less time worrying about money gives you more time to spend with the people you love.
For financial literacy support for children and families, there are at-home, in school, after-school and online curricula and events by organizations like Jumpstart, Junior Achievement, Sammy Rabbit, WFG, The Hope Center, worldofmoney.org and others.
Beyond talking about money, parents should take the next steps to implement their family financial strategy.
In other words, part of giving kids a financial education is to put your money where it best serves.