One teacher can make an everlasting impact on a child’s life. Think back to your days in school. I’ll bet you had a good teacher—hopefully several—you still remember to this day. A child spends more time in class than at home, on a typical school day… if we don’t count sleeping (at home, not in class). The time our child spends in school—the most developmental years—is valuable.
I created this list of things our kids absolutely must know before moving out on their own. We can implement many of these ideas during teachable moments throughout the day. We can implement the more complex ideas by sitting down and having a conversation with our kids.
Try to find some books on teaching finances to kids, and you’ll be surprised that not many exist. It’s not a popular topic. Maybe this is part of the reason so many adults are now struggling financially. Maybe there aren’t enough authors who are qualified to write on the topic. Whatever the reason, don’t worry, because there are some great books out there.
When it comes to teaching children about money, most parents feel inadequate. It’s hard to feel qualified when you’re not doing great with your own money. Good news! You’re more than capable of teaching your kids about money.
Oxford’s Dictionary of Finance and Banking isn’t the best birthday present for a toddler, but you can incorporate a few important finance terms at a young age. Let’s look at some of the most important terms.