Want to raise financially healthy kids? Here’s what to do — and mistakes to avoid investinyou (In partnership with acorns.)
If you are stressed over money, acknowledge it. It may be stopping you from passing on healthy behaviors to your child, added Melanie Mortimer, president of the Securities Industry and Financial Markets Association Foundation. The organization is the investor and financial educator arm of SIFMA, a trade group representing securities firms, asset management companies and banks.
Instead, have conversations around the dinner table about things like savings and budgeting. With younger children, stick with simple concepts and as they get older, delve into things like the rewards of earning an allowance or ideas to make money.When you go shopping, let them see you pay for items and even comparison shop.
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