How to teach kids about money without giving them financial anxiety
July 24,2019 at 10:55AM UTC
I have 2 kids who are under the age of 12. They both understand basic math and luckily, even like math (they didn’t get that from me). Ideally I’d love for my kids to be debt free (quickly after college). I never want them to have to eat into their retirement savings. While it might sound early to think about, my husband has been in the finance world for years and there’s been a lot of tactics we’ve picked up to teach our kids now, so they’re hopefully better off later.
For one: We teach our kids about money whenever we can by playing shopping games. We play with toy cash and make super markets and clothing shops with their toys. They love playing it as a game and don’t really even look at it as playing it as an educational exercise. They absolutely love it — and we’re seeing that they’re more comfortable and confident talking about money.
What are some ways you’re teaching/planning to teach your kid(s), or nieces and nephews about money?
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