How to teach financial literacy to your kids

Most money-savvy parents want to pass on their financial skills to their children but are often unsure of what is the best way to do so. When it comes to money, there’s so much to learn, and you may not feel you have a good enough grasp on everything before you have to teach someone else!

Thankfully, teaching kids about money is easier than you think. You can begin teaching kids financial literacy before your child can even count. As early as age 2, you can explain to your child that money comes from work and we use money to buy things. When your child is older, you can gradually add in lessons about budgeting, saving, investing, debt, and more. I’ve outlined an age-appropriate guide to financial literacy for kids.