Here are ten principles for teaching children about money:
1. Talk about money.
When money is involved, you have a chance to teach your children the values and analysis behind your actions. Money should not be your only topic of discussion, but talking about it will communicate your wisdom and values to your children. Every purchase, investment, or donation can be a time to teach your children something about your values.
2. Talk openly.
Parents make a mistake when they keep information from their children. Children learn through experience. For example, the experience of what their family earns and what …Read More