I’m a Financial Advisor: These Are the 3 Financial Lessons Parents Should Teach Their Kids

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Things like credit, taxes, banking and investments are all important parts of financial wellness.

Here are three things to teach your children about money andtips to avoid making it a chore.

Money should not be a taboo topic in your household, said Meissner.

Financial literacy starts with the basics, such as learning how to budget, save and spend responsibly.

Running through options with them helps, but putting them in charge of their spending is even better.

This can be avaluable learning experience, as theyll need to budget and manage their finances.

This could mean setting up a savings account for them or matching their contributions.

Set it and forget it will get lost in the day-to-day.

So, set up a time and cadence to track their financial progress and celebrate milestones.

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