money-savvy teens
If you have teens and haven’t taught them about money, Intervene now! I promise that teaching them how to handle money today means they won’t be hounding you for it indefinitely as young adults. They will understand how to do things like not get buried under student loans and build their own wealth as adults.
You don’t have to be a rich parent to teach your kids how to be financially savvy. You do have to be willing to stop to have the important conversations whenever you see opportunities pop up!
The best money lesson you can give your kids is to show them that good things don’t come quickly! I can promise you that teaching your kids the art of delayed gratification will increase their life-long earning potential better than almost anything.
What if your kid doesn’t have even a penny saved? Get them saving some amount every week until they have the number you’ve agreed to ready and waiting for its Wall Street debut!
1. Make it fun. 2. Don’t turn this into something you argue over. 3. Lastly, don’t make this more complicated than it needs to be.
Make this streamlined enough that you’re not spending more than a couple hours per month managing your kid’s “money education.” If you follow my rules, you won’t need to!