Teach Kids Money Basics, One Account at a Time
While millions of kids are heading back to school this fall, chances are that personal finance won’t be among the subjects in their curriculum. It’s a topic often left up to parents to teach. And where do you start?
The SchwabMoneyWise.com website has a wealth of great information, not only for people just starting out but also for parents, teachers and others who care about the young people in their lives. In addition, our family finance expert Carrie Schwab-Pomerantz answers some of your most pressing questions through her Ask Carrie column.
”It’s not hard to help kids get a good start toward understanding the nuts and bolts of smart money management, “ said Schwab-Pomerantz. “There are plenty of teach-able moments—and the effort will serve them well for a lifetime.”
We’ve combed these resources to put together this Kids-and-Money Timeline – a quick reference on different types of accounts. Here are just a few ideas to consider that can help you save and teach your kids about money, all at the same time.
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