Teach your kids to go for the gold with a financial decathlon challenge
Over the next couple weeks, I’ll be watching some of the Summer Olympics with my four-year-old son. I hope watching the games together will expose him to different sports and their rules, different cultures, and the thrill of competition.
Bank of America Better Money Habits has some tips for getting kids engaged in another kind of challenge: teaching kids some practical life lessons including basic money management skills. Below, they’ve provided 10 financial exercises to teach kids about personal finance, helping them on the path to “financial gold.”
- Help set a savings goal: One of the best ways to teach your middle or high school student about saving is to put those concepts into practice by encouraging them to set a savings goal. With just a few simple steps, your middle or high schooler can be well on his or her way to accomplishing this goal and learning a skill that will be useful for years to come.
Discussion