ππππ ππ ππ πππππππππππ πππ πππππππ ππ πππππ ππππππππ πππππ ππππ πππ ππ ππππππ πππππ’?
Shayla WattersExplorer
π·ππ πππππ’ ππππππ πππππππ πππππ πππππ ππππ πππππ’ πππππππππππ?
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Please teach your kids about credit, saving, retirement plans, loans, how interest works, how repayment plans work, and how they suck your soul for many years after you finish college. Avoid credit cards for teens/ college age kids at all costs unless extremely responsible with money already. They should have debit and savings.
Ideally parents will begin teaching children money management early in life, at the level of development they are at and continually adding upon it – just like with anything else we learn. Studies have shown. for example, that learning self-regulation is a strong indicator of overall success in life. A part of that is learning to avoid instant gratification. Children are ready to begin learning that around 3 and 4. Itβs a skill that can impact a whole lot of things in life – including financial stability. Brain development is strongest and fastest up to age 5. We need to take advantage of that time to build the skills that will support success in any area -because development is happening in all areas – during that time.