Kids and Money: Important Financial Lessons to Teach Kids
Join our #CreditChat on Periscope, YouTube Live, Twitter, and Snapchat every Wednesday at 3 p.m ET. In the third week of Financial Literacy Month, we were thrilled to support this initiative and help increase financial literacy with our weekly #CreditChats. This week, we discussed important financial lessons to teach kids.
The panel included: Tracie Miller Nobles: CPA, Associate Professor at Austin Community College and member of the AICPA’s National CPA Financial Literacy Commission; Melody Bell: Founder and CEO of Financial Beginnings; Shannon McNay: Personal Finance Freelance Writer; Rod Griffin: Director of Public Education at Experian; and Christina Roman: Social Media Specialist at Experian.
View the complete tweetchat via Storify:
We also featured financial tips all week on Snapchat.
Questions We Discussed:
- Q1: Why is it important to talk to kids about money?
- Q2: When should you start to talk to kids about money?
- Q3: What are some important money lessons to teach kids?
- Q4: What are practical ways to teach kids about money?
- Q5: How can we teach kids the difference between needs and wants?
- Q6: What lessons should parents teach their kids about credit cards?
- Q7: How can parents teach kids about the importance of saving and charitable giving?
- Q8: How should financial conversations evolve as kids get older?
- Q9: How can parents turn their children’s financial mistakes into teachable moments?
- Q10: How can parents who are struggling with their finances teach their kids good money habits?
- Q11: What is the best/most influential financial lesson you learned as a child?
