Your little one(s) won't stay little for long. In no time at all, they'll become more and more independent. One of the most important lessons you can teach the child in your life is an understanding of how to manage money. We all want our kids to be financially savvy adults one day, and Viriva can help.
We designed this page to give parents tips and resources on things they can do with their children to get a basic understanding of financial management.
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Article: Charting a Course for Raising Money Smart Kids
If you’ve been meaning to talk to your kids about money, now is the perfect time to start. Here are three real-world experiences that parents can use to introduce kids to personal finance.
One of the most important gifts you can give your children is an understanding of how to manage money. We all want our kids to be financially savvy adults one day, but it’s become increasingly difficult in today’s swag culture. Here are some things you can do to ensure your child grows up with a basic understanding of financial management.
All parents want their kids to grow up to be financially secure. So why do so many children lack basic financial skills?
A recent study by the Program for International Student Assessment found that one in five American teens lack simple knowledge of how money works. As a subject, money seems to slip through the cracks between family and school, leaving many children to learn it on their own. The problem is that, without proper guidance, they may never grasp fundamentals like saving, balancing a budget, and avoiding debt, which can lead to stress and hardship when they grow up. To ensure that your kids become money-smart adults, here are three things to keep in mind.
Most parents understand that they should teach their kids about money. Knowing where to start, on the other hand, is another story.
Fortunately, the Consumer Financial Protection Bureau (CFPB) recently released a guide to help families raise money-smart kids. In it, the CFPB discusses practical ways to build and measure financial capability in children.