US EditionHow to raise financially literate children
10 Articles
10 Articles
I own a multimillion-dollar business and believe teaching my kids about money is as important as literacy. Here's how I'm doing it.
Jhalesa Seymour is teaching her son financial literacy.Courtesy of Jhalesa SeymourJhalesa Seymour founded a feminine hygiene company in college.She hit $1 million in sales her second year, and has now had more than $16 million in sales.She wants her sons to understand budgeting and working for money.This as-told-to essay is based on a conversation with Jhalesa Seymour, founder of Salt.XO. It has been edited for length and clarity.My mom raised f…
Daily Bulletin
How to raise financially literate children
Each person’s financial literacy has a profound impact on their long-term financial success. To prepare them for life, we should teach our children about budgeting, saving, debt, and investing. Then as adults, they’ll have the skills necessary to make smart financial decisions. Start early If you find creative ways to teach money skills, financial literacy can be fun and something your children embrace. When my children were young, we played the…
The 'Borometer of Financial Rooms', an initiative by Doctor Finances in partnership with the Catholic University, reveals that one third of the families do not talk about money to children up to 6 years old. Essential to prepare the newest for the future is that financial education in Portugal only occurs between 10 and 15 years, when 73% of Portuguese speak about money with children. Is it too late to start financial education? What is the best…
We hardly use cash anymore. Is that an advantage? And how should children learn about the value of money? Check if you know what's on the banknotes – and read the tips.
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