Marriage & Family

Useful Tips On Raising Financially Savvy Kids

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