Hey kids, who wants to learn about interest capitalization and amortization?
So maybe teaching your kids about debt isnt on the list of fun weekend activities.
But it can help them succeed throughout their lives.
Certified financial planner Hali London suggests using concrete, relatable numbers when speaking to your children about finances. Photo courtesy of Hali London
And not teaching them financial literacy now could really cost them in the future.
That figure balloons to 40% among those who had no early financial literacy.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you could easily return later.
Well keep it updated as offers changes or expire.
Suddenly it [made] her say, Oh, I dont want to buy that, London said.
Did you know?
Here are four lessons to teach them in a way theyll take notice.
Its so hard for kids because long term for them is next week, London said.
Her basic budgeting lesson for kids: Spend less than you earn.
That can manifest itself in being more aware of what everything costs.
If youre looking for more concrete ways to help your kids budget, consider starting with cash.
Check out these other tips forteaching your kids about budgeting.
Well call this lesson teaching when theyre not looking.
The time to start teaching kids about student loans is long before they fill out their first college program.
Here are someother ways to help your kids pay for their college education without going into debt yourself.
Teaching your kids about debt and how to avoid it could be the financial gift that keeps on giving.
Tiffany Wendeln Connors is a staff writer/editor at The Penny Hoarder.
Readher bio and other work here, then catch her on Twitter @TiffanyWendeln.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…