Raising a Child to Be Financially Smart

With the future economy situation staring us in the face, I can tell you one thing, figuring out how to educate my kids on a couple of different things:

1. Teach them how to not make the same mistakes that I have as a child, teenager, college student and now an adult.
2. Teach them how to be flexible and understand how to adjust what they know and learn to the current financial situation.

I came across this article from GreatSchools entitled "Smart Money: Seven Ways to Raise a Financially Literate Child".

Some of these items may be obvious, others may share a nugget of additional thought or detail that maybe you haven’t thought about until this point.

1. Encourage a work ethic
2. Get your money stories straight
3. Facilitate financial reflection
4. Become a charitable family
5. Teach financial literacy
6. Be aware of the values you model
7. Moderate your extreme money tendencies

Be sure and read the entire article for all the details and strategies on how to raise your child to be financially smart.