Teaching Money Skills
Why it's important to teach kids about money
Teaching money skills to children is an important responsibility
that pays dividends, especially when one considers the consequences
that often plague those who can't handle their finances with skill
and discipline. Money management skills generally don't come
naturally, but need to be taught and reinforced, the same as when
they learn to read, write, or tie their shoes.
Kids who learn fundamental money management skills when they are
young will carry these same skills into adulthood. While it may not
be easy helping them foster the discipline necessary to form habits
that lead to financial success, the time invested will be well worth
For most of us money is an important, yet finite resource. While its
importance in determining our level of happiness can be debated,
money generally plays a role in determining the neighborhood we live
in, the schools we or our children attend, and often times the kind
of foods we eat.
And while it's true that money isn't the only factor that determines
our quality of life and general happiness, it's a major factor.
Don't get me wrong. You don't need to live in a mansion in Beverley
Hills in order to be happy and successful, but why settle for less
when you can have so much more simply by employing the discipline
necessary to better your financial situation.