How to Raise Financially Smart Kids
I wrote a guest post for Grokking Money about how to raise financially smart kids. Here is the start of it, to read the entire post, click here.
Instilling your children with good financial habits will increase their likelihood of success, just as is the case with many other types of habits. In this post, I’ll provide you with eight things you can do to help your kids become financially smart. All but one of these ideas are based on my experiences growing up or those I provided for my children.
1. Open a Bank Account
We opened savings accounts for our children with the money they received when they were born. As they got older (probably around 5), we made them aware of . . . Read More
Susie Q is a retired property-casualty actuaryA professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More and mother of two adult children. As her children were moving from their teens into their 20s, she found she was frequently a resource on many, many financial decisions and she had insights and information she could provide to them. She spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. She is the primary author at Financial IQ by Susie Q and volunteers with other organizations related to financial education.