Teaching Kids Financial Skills: Here Are 5 Things Children Need to Learn About Money by juniorCEOs

Parents, our kids need to learn financial skills! Here are the top five things kids should learn about finances:

• The Importance of Future Planning: Future financial planning involves several money-handling skills that students should be exposed to at a younger age. Learning how to save money for predictable and unpredictable events can help them avoid a few problems. For instance, debt, foreclosure, bankruptcy or other financial pitfalls in the future. 

• Budgeting Personal Finance and Chores: Budgeting conversations at home can start at a fairly young age by defining wants vs. needs. Teaching children how to manage their own finances will affect their spending habits in the future.
  

• Investing in Long-term Gains: A riveting, hands-on lesson can be comprised of investing fake money and using real stock-market data to measure results.

• How to Pay for College Without Loans: Students need to know that there are more ways to afford the rapidly rising cost of higher education than with high-interest loans. Options like work-study, financial aid applications and scholarships could help students pay for college without much debt. 

• Entrepreneurship: Kids that start or help a small business or charity may think outside the box and exercise their creativity.
  

Take 30 seconds and join the 30Seconds community. Inspire and be inspired.

Related Products on Amazon We Think You May Like:

30Second Mobile, Inc. is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.