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I don't have any particular approach right now (my oldest is only 7), but I am trying to be open about finances with them. When we purchase things at the store
by roland35 5y ago
I don't have any particular approach right now (my oldest is only 7), but I am trying to be open about finances with them. When we purchase things at the store or online we talk about how we are spending x dollars, or that we pay for the water and electricity we use, I get paid for the work I do for my job, like that.
As they get older I will definitely introduce other concepts like personal finance, checking accounts, credit and loans, investing, taxes, saving, and so on. Like any complex problem I don't think there is a simple solution, just lots of conversations over time.