4 Tips for Teaching Kids About Money
Manisha Thakor, LearnVest’s investment expert, thinks it’s absolutely appropriate to call attention to a child’s careless spending, just as you would any other subject. “If you saw your daughter or niece eating 10 cupcakes in one sitting, or sitting on the sofa all day and getting absolutely no exercise—you wouldn’t think twice about saying something. It should be the same with personal finance. We can’t expect to have financially fit children if we don’t actively teach them what good financial behavior is.” She recommends that adults lay out guidelines for spending, saving and donating to charity.