Spend vs Save
Which mentality are you birthing? As children receive money from birthday parties, allowances, jobs, or any other ventures, it is important that parents teach their children how to manage their money. Often times, children are left to do what they would like with the money. As a result, many children spend all of it. This type of behavior has become so common that many people don't look at it as a problem because their child is young, but the truth is if the mentality is no
What age should children learn about finances?
When it comes to financial parenting, parents should start teaching children as early as two-years-old financial concepts. At this age, parents should begin teaching children how to "pay themselves first" and expose them to money. Parents should invest in getting their children a piggy bank or a savings jar to save in. The earlier you teach children how to pay themselves first the longer they will have to make it a habit. Many children who learn this concept when they are
Is your mindset holding you back?
When it comes to being a financial parent, you have to make it a priority. You have to be consistent in making sure your child is getting the necessary information to live the best life possible. If you were not fortunate to get the information to build financial success as a child, it is important that you are willing to learn now. Your success with money depends on your mindset. It is important for parents to assess their current feelings toward money and their habits w