We all want the very best for our children and do everything we can to ensure their physical and emotional well-being. But how many of us focus on their financial well-being? Although we teach our children to walk, talk, and explore their world around at a very early age, we usually don't even think about engaging them with financial concepts until much later in life. This is a mistake. It is never too early to teach our children how to become adults who control their finances, achieve their financial goals, and have the financial freedom to enjoy their lives. As adults, we all know how important financial matters truly are to our quality of life and overall health. Why, then, must we wait years before having important conversations and experiences about money with our children? After all, isn't parenting about teaching our children to make smart choices? Money Minded Families: How to Raise Financially Well Children will help you share invaluable teachable moments to shape your children's future attitudes about money, lay the foundation for financial responsibility, and give them a lifelong sense of financial well-being.
You will learn to prioritize teaching your children smart financial habits and instill positive connections with money. This practical, easy-to-read guide provides you with numerous examples of how to talk to your children about money while explaining why these conversations are so vital to their financial well-being. Author Stephanie Mackara, a financial advisor and investment management expert, shares the lessons she has learned from her career in finance and her experiences teaching her own son. When you talk to your children about money, it's important that you understand the fundamental principles of money management. This book's clear and engaging chapters teach you to determine your unique money personality, develop a healthy financial perspective, set your baseline values and goals, think about money like a financial professional, and much more.
Today's financial environment sets up unique challenges, including concerns over Social Security, sky-high college costs, coupled with instant access to stuff through online purchases and apps. Children are more likely to make their buying decisions online rather than in stores which creates mindless spending. In a culture where far too many young people expect instant gratification and are influenced by a range of social and media pressures, it's no surprise that parents delay, or worse, avoid teaching their children about money. When parents actively teach their kids about money, it can contribute to their chances of future financial success. Money Minded Families will help you set your children on the path to becoming financially independent and successful adults.