Money management is a complicated subject. It there is no consensus about the best investment strategies, how much to save and where to get the best advice. Much of it is up for interpretation. So, how can you prepare your kids for a healthy financial future?
To begin, encourage your kids to be aware of money as a concept. It’s important for them to know that it does not grow on trees. Rather, earning an income requires work, saving and some degree of sacrifice. One easy way to do this to let them tally the bill when you go out for a meal. Get them to add up the cost and even see if they can include a tip. This is a subtle way of showing your children that payment is involved. It can also help them sharpen up their math skills. You might even ask a question, like
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