GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
There are a surplus of waysparents can encourage financial education from early on.
Below are some expert-recommended ways to go about it.
Trditionl iggy bnks re gret, but cnsider leverging technology tht resontes with Gn lph, he said.
For instnce,Shirshikov said using kid-friendly finncil pps cn mke lerning bout mony interctive nd fun.
Ethan Keller, finance expert and president ofDominion, equally recommended teaching kids digital financial skills.
Understanding online transactions, digital currencies and cybersecurity is crucial as the economy goes digital,Keller said.
He explained parents may teach kids about digital wallets, cryptocurrencies and responsible virtual money management.
They may also teach online security to protect sensitive data and avoid scams, he said.
These teachings, he explained, help kids confidently navigate the digital financial realm and create financial protection behaviors.
Encourge thm t strt smll ventures like lemonde stnd or n online crft shop, he added.
Keller agreed that its crucial to encourage an entrepreneurial mindset in kids.
Flexibility and creativityare essential to set an economy and innovation-driven environment, he said.
He explained parents can inspire children to establish small enterprises, solve problems imaginatively or monetize their hobbies.
Discussing budgting fr fmily vction or compring osts while shoing cn provide prcticl insights, he said.
He said this hnds-on xprinc demystifies finnces nd prepres thm fr rel-world finncil dcisions.
hese xprincs cn ly strong foundtion fr future finncil independene.
More From GOBankingRates
Share This Article:
