7 Experts Share Their Best Money Advice for Kids

There are a million things to worry about when raising children. Often teaching our kids about money doesn’t rise to the top of the list.

As parents, we want to provide our kids with the best life. Sometimes that means giving them the toy we always wanted as a kid but could never afford. It feels terrific when your kid is happy.

This simple exercise can help a teenager delay gratification and better understand how interest works. Below is an excerpt from the article.

Make Their Money Work For Them

It’s not necessarily about depriving your kids of toys, but getting them to be thoughtful about why they want something.

Embrace Minimalism

Use Money to Buy Your Time

You turn your time into money. Don’t let “excess” money turn into things without careful deliberation. Turn it into your time, your only non-renewable resource.

It’s been a long time since I was a kid, and to connect with our kids on topics such as money, we need to be able to think like them.

Think About What You’d Tell Yourself as a Child

Being Smart is Not Enough to Win with Money

Being smart may help you achieve a higher income, which is essential. However, that isn’t enough.

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