Dear parents, guardians, and caregivers, this is written specially for you. Are you looking for some resources on how to teach kids about money and abundance? New York Times best-selling authors Dr Wayne W. Dyer and Kristina Tracy have a book for you to share with the little ones. If you think you haven’t been a good role model in money management, you might want to rewrite the situation by introducing some money-related life lessons for your children. Especially with
As a parent, you must guide your children’s path to financial independence. Fortunately for you, there are available online tools that can help. Start knowing your teen’s financial personality through the Financial Identity Quiz. It is a research-based tool for teens and young adults aged 16 to 24. After determining your child’s designated identity, you must discuss its advantages and disadvantages. Give some scenarios to help them decide better. IDENTITY 1: THE PATHFINDER As the name suggests, Pathfinders are committed
According to Investopedia, financial literacy is the “ability to use knowledge and skills to make effective and informed money management decisions”. It is an area that is often skipped in the formative educational system. As parents, it is your job to fill in the gaps. Educating your kids to make wise money decisions earlier on will affect their finances in the long run. Consider taking these financial steps: CONVEY THE VALUE OF MONEY Encourage your children to absorb the value
