Starting your family’s tradition of investing [under FAMILY TRADITIONS]
Childhood is the perfect time to learn about investing and responsible adults are the ideal teachers. The best way for parents to teach money management is by setting a good example. Parents can reinforce their example by playing financial board games and video games as a family activity. Assistance and supervision reinforce the development of good financial habits such as creating and using a budget. Discussions and field trips are powerful methods for showing children how adults use bank and investment accounts.
Desired skills and knowledge of young investors:
- Resilience and self-control
- Reading
- Counting money
- Managing money
- Shopping wisely
- Sharing
- Saving
- Investing
- Taxes
- Debt management
Copyright © 2019 Douglas R. Knight
Raising Young Investors 