My financial education as a child was negligible, and it has had lifelong consequences that I frankly don't want my children to experience. We didn't talk about money except when there wasn't enough of it, which made it a very tense and emotional topic and certainly not something I ever wanted to bring up. It's not surprising that when I was at the age that I had to deal with my own financial stability, everything was new to me, and I made many mistakes. Things like budgeting, saving, and investing were foreign concepts and not something I felt comfortable speaking about or asking for help with, so I didn't. Now that I'm a parent, I want to empower my children to learn about money and how to properly handle their finances without it being a tense or emotional topic.
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But how do I teach my children how to save money in an age-appropriate way, when I never learned how to do it when I was their age? Ahh, the internet! The internet provides a wealth of expert opinions on how to teach your kids to save money from an early age, and I've taken the liberty of gathering some of my favorites to share with you. Why? Because I know I'm not the only parent who wants to set their kids up to have a healthy relationship with money for their entire lives. So let's do this, shall we?!