When I was a young, new mom, one thing I always struggled with was how to teach my kids lessons on money, charitable causes, and their own health. As you’re looking at a baby, toddler, or even young child, you struggle with money lessons like “don’t eat the money”. Or perhaps “why we don’t eat […]
teaching kids about money
Parents often struggle to teach their kids about money. For the past four and a half years, my kids have each owned a share of Disney and a share of Nintendo. Lets see how those stocks have performed over time, and how I use them to teach my kids basic investing concepts.
Part of having kids is teaching them hard lessons about money. Sometimes parents find it tricky to teach things like deferred gratification, or making wise spending decisions, to their kids without lecturing them. Today I share the story about the role Harry Potter Wizard chess and Hoverballs played in helping my kids learn these lessons.
One thing many parents struggle with is – how do you teach kids about money without boring them? How do you know what lessons are appropriate for what ages? From simple lessons like savings, to complex ones like investing – from checking accounts to 401ks – those of us who are parents interested in personal […]