You are your child’s first teacher. As a parent, you are teaching your children about money, whether intentionally or not. Many parents are not comfortable with teaching their children about money. The best method to share your money wisdom with your children is through open communication and positive role modeling. You will not get it right 100% of the time, but know that your children are watching you. Do you remember the show, “Kids Say the Darndest Things”? We can learn from them. Check out the video below.
Forbes magazine highlighted the top 10 money mistakes we pass on to our kids. The number one mistake is to “Say Nothing”. Your silence is speaking louder than you may think. Take the time to have money conversations with your children. Make them natural, fun, and conversational. Let’s educate the next generation.
Samirian Hill, The MoneyWise Teacher, is the Founder and President of BudgetWise Financial Solutions where they teach people to manage money wisely. She is a freelance writer, blogger and fiancial educator. In her spare time, she enjoys golfing, cooking, and reading.