cheryl
Administrator
Staff member
I’ve been in finance for 30 years—and this is how I teach my kids about money - CNBC
“How do I teach my kids about money?”
I hear this question often, and if you’re a parent, you’ve probably Googled it several times yourself.
In my 30 years of professional experience, I’ve worked as an auditor, investor, tax preparer and financial consultant — and I’ve witnessed the impact of financial literacy (or lack thereof) on countless adults of all ages.
Teaching your children about money doesn’t have to be complicated. You either put in the effort and time, or you don’t. And if you do, it’s best to start sooner rather than later. (According to a 2013 Cambridge University study, children are already able to grasp basic money concepts at age three, and by age seven, their money habits are already set.)
“How do I teach my kids about money?”
I hear this question often, and if you’re a parent, you’ve probably Googled it several times yourself.
In my 30 years of professional experience, I’ve worked as an auditor, investor, tax preparer and financial consultant — and I’ve witnessed the impact of financial literacy (or lack thereof) on countless adults of all ages.
Teaching your children about money doesn’t have to be complicated. You either put in the effort and time, or you don’t. And if you do, it’s best to start sooner rather than later. (According to a 2013 Cambridge University study, children are already able to grasp basic money concepts at age three, and by age seven, their money habits are already set.)