January 15 2024- This article emphasizes the importance of teaching children about money management from a young age, considering it a crucial life skill. Kelly Palmer, a CFA charter holder and founder of The Wealthy Parent, highlights the significance of parents being intentional about their money habits since children tend to pick up these habits, whether taught explicitly or not. The piece suggests that children are keen observers of their parents’ financial behavior, learning from everyday activities like shopping for groceries. The article encourages parents to actively engage in teaching sound financial practices to their children, given the long-term impact it can have on their financial literacy.
https://finance.yahoo.com/news/10-frugal-habits-teach-kids-190008830.html
