Teaching Your Children About Finances

We need to teach our children about the value and importance of not just knowing how to MAKE money, but also how to save and invest for their futures. They need to learn about the consequences of living beyond their means, living paycheck to paycheck and stacking debt on top of debt. Our children need to know how having the latest air jordans, the newest electronic gadget and the trendiest wardrobe is of little importance when they aren't educated, can't pay their bills or take care of a family. We need to make sure that our children are taught the lessons of money whether you have any or not. If you DON"T have any, then you need to share with your children your mistakes and provide resources for them to learn the things that no one taught YOU about finances. The future generation needs to know that are many other ways to become wealthy besides sports, music and television. As parents it is our responsibility to ensure that our children are knowledgeable about the opportunities that are available to them when they are educated and smart about their money.