It’s never too early to start giving your children mini lessons about money. Willard Stawski II, the author of Kids, Parents & Money says “too frequently, parents are reluctant to discuss financial issues with their children while they are growing up, so when they leave home they are totally unprepared to make some of the difficult financial decisions that young adults have to make.”
In 2013, Forbes.com reported that a report by researchers at the University of Cambridge commissioned by the United Kingdom’s Money Advice Service revealed that kid’s money habits are formed as early as 7! So start taking your children with you to the bank and using the trip as a teachable moment. Why are you visiting, why is the bank keeping your money? Teach your children about bank slips and answer any questions they may have.
When you click continue we’ve included some inexpensive and helpful books that reveal other fun and useful strategies to teach your children about money. We’ve included some books for your babies and teenagers to read on their own as well.