Two questions for today:
When was the last conversation you had about money, finances, and planning for now and later? When was the last time you checked your account balances?
And a third question:
When was the last time you talked about money planning, compound interest, how insurance works, or anything else related to finances with your kid? (And no, you don’t need to be an expert.)
To help our kids become financially independent sooner than later, helping them learn (or at least planting some seeds) will help demystify money and get them off on the right foot. And if we’re not comfortable talking about money ourselves yet? That’s okay — we can learn along the way, too (and no, you’re not bad with math and money, that’s story that can be let go — we can all get better if we’re willing to put in the effort).
Need ideas to kick start a conversation? Check out these young adult-friendly books:
–I Will Teach You to Be Rich by Ramit Sethi
–The Latte Factor: Why You Don’t Have to Be Rich to Live Rich by David Bach and John David Mann