I recently 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