Managing money is a life-long skill, and unfortunately, it’s not prioritized within our public education system.
According to a recent MarketWatch report, only 57% of U.S. adults are financially literate. What’s even more shocking is that more than three-quarters of Baby Boomers and the Silent Generation know of 401(k)s but don’t use them. As for the youngest generation to enter the workforce, more than half of the Gen Z population is unfamiliar with Roth IRAs.
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1. Give your children an allowance.
2. Teach your children how to budget.
3. Involve your children in filing taxes.
4. Introduce your children to investing.
5. Emphasize the importance of saving for retirement.
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Source Link: https://www.kiplinger.com/personal-finance/how-to-teach-your-kids-to-manage-money
Five Ways Dads Can Teach Their Kids to Manage Money:
Managing money is a life-long skill, and unfortunately, it’s not prioritized within our public educ…