Being a parent, I am
constantly thinking about how to help my children gain a firmer understanding
of the financial world, so that I can help them succeed even before they get
started. If you are a parent, no doubt you want this for your kids as well and
if you are, I’d venture that there is a very strong chance you have children in
your life or will have in the future.We will be going through different ways to increase your children’s financial intelligence and perhaps even yours.
Start early: Never assume your child won’t understand anything you tell them, keep reinforcing the basic fundamentals of money. Don’t let them spend more than they have and explain before going to the store that there is a limited amount of money to be spent. You can encourage your children/child to not only save apportion of their money, but to donate a fair portion as well, once you can instil this in them early, it will carry on for the rest of their lives.
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