Zela Wela Kids Financial Life Skills Blog for Parents by Nancy Phillips

Who Can Solve the Financial Illiteracy Problem in Our Youth? You!

  

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Happy Valentines weekend everyone! Here is an article I wrote that was recently published in Focus on Women magazine. I hope you enjoy it.

Now more than ever it is blatantly clear how important financial skills are to the well-being of everyone in our society. Problem is, many kids are still not learning about it. Financial knowledge and confidence can transform a child’s life, your child’s life. You are, and always will be, your child’s most influential financial teacher. Why? Because they begin learning about money by watching your actions with it from the time they are toddlers. Your belief system and actions with money are what form your child’s mental “money blueprint” according to T. Harv Eker, best-selling author of Secrets of the Millionaire Mind.

Are you ready to hear some good news? The steps you need to take to help your children learn financial responsibility are not complicated and no, you don’t have to be a math whiz. Because financial skills are just that, skills, they need to be practiced and built upon. Then the level of the skill practiced can be advanced, just like learning a sport – you start with the basics.

So where do you start? Here are a few tips:... read entire article page 4 Focus on Women Magazine