Teach Financial Independence
Take advantage of real-life money lessons today so that you and your children can reap the benefits in the future.
“In the past year, college savings plans may have had big losses, or a friend’s parents might have lost a job or a house,” says USAA member Susan Beacham, founder and CEO of Money Savvy Generation. “Our kids are paying attention.”
While they’re listening, start talking â€” and help them gain financial smarts.
1. Give them a plan. Ease your child into the world of self-sufficiency with a financial responsibility plan. “Decide what financial skills you’d like to turn over to your child at what age. Then train him ahead of time so he’ll be ready for each task,” suggests Beacham.CEO of Money Savvy Generation. “Our kids are paying attention.” …click to continue reading.