Modeling is your best teaching tool for your Children’s Financial Future.
Begin teaching these principles in age appropriate ways as early as you can.
Print this and use it as your guide but be sure to personalize these truths.
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Hard work pays off and money is one of your rewards. You are not entitled to it. You earn it.
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You ain’t what you own. Don’t buy to make an image. A person’s life does not consist in the amount of stuff they own. Character is more valuable than money.
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Learn to discern between your wants and needs. Have your basic needs met first. Learn to wait for the right time to buy. Find a balance between instant gratification and deferred pleasure in your purchases.
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Do not spend beyond your means. Contentment is learning to live within your monthly income. Learn to create and live within a budget.
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Explain the difference between good debt and bad debt. Talk about appreciating and depreciating purchases.
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Teach them about the proper use of Credit Cards
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Money is opportunity: It brings freedom and provides satisfaction but does not buy happiness. Money is a means to an end.
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Money can make you money. Learn to invest it wisely. Explain risk and reward.
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Saving is a wise thing to begin doing- put some money aside for your future with short term and long term financial goals in mind. Get them into their own bank account early.
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Learn to be generous- greed will kill you. You can make a difference in the lives of those around you through your resources.
