Our children quite literally embody the future. While they are full of wonder with all of the possibilities that the future holds, we can do things now that will help them prepare for handling their own finances when they become an adult.
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We often reduce financial education down to the age-old rules of budgeting, and we might teach our children to save up money to buy what they want. Sometimes we suggest that they start ventures like a lemonade stand or lawn-mowing business to make more money.
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Talking to children about money can appear hard. Parents my fear that they are not appropriate role models, or they believe that the money talk can wait until their child is ready to head off to college.
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