Credit and savings statistics confirm that today's young adults often leave home unprepared to manage their money. But there is a lot of disagreement as to "why" and more importantly "what" can be done to improve their odds of financial success.
Parents Provide Their Kids An Advantage
Financial education has been my business focus for the past two decades. During this time, I have compared thoughts with hundreds of parents plus teachers and home schooling groups. Along the way, I identified four common traits among money-smart youth. Those four insights are the foundation for my "Save Yourself" Financial Education Platform. This is a step-by-step, age-friendly plan for exposing your kids to various money management topics.
The fact you're on this website shows you are a concerned parent, grandparent or mentor. If you are looking for practical help to start teaching your children positive money skills and behaviors, I urge you to read more here and subscribe to my blog.
- Check out my educational books and games.
- I also speak on financial education topics.
To learn about my philosophy and approach, go to our "Save Yourself" section.
Parents, teachers and home-schooling parents all told us the Wants and Needs Game encouraged some great learning moments and started many discussions about money. Contact us for bulk pricing.
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Go to the products page to learn more.
We recommend a four-step approach, based on what has worked for other parents.
None of the four roles are difficult, but it does require a commitment of time and materials. Go to the Save Yourself button to learn more.
If you're interested in learning more, I encourage you to subscribe to my blog. Recent posts can be seen below.
But for financial education to work, the knowledge, skills and behaviors all need to be taught and affirmed - often.
Ironically, we parents will often invest time and money into music, athletics and other activities to provide our children skills and developmental advantages. Yet, we often ignore the more important life skill - preparing them to become money-smart adults.
A parent or someone such as a grandparent or interested uncle must mentor the child, providing information, encouragement and, when needed, discipline.