R&I – FS
Many elder millennials may have learned to manage money much like our parents did: waiting for statements to arrive in the mail, balancing checkbooks and paying in cash. But if you’re planning to impart the same lessons to your own children, ask yourself a few questions first.
Is this still how you deal with your finances? How often do you carry cash anymore? Do you even know where your checkbook is? If the respective answers are “no,” “rarely” and “maybe in that box I never unpacked since moving six months ago,” then the money lessons of the ’90s aren’t going to cut it for the next generation.
So trade in those old-school money lectures for a primer on plastic and digital payments. By the time your kids become financially independent, they may thank you for it.
BEGIN CREDIT LESSONS AT A YOUNG AGE
HELP KIDS TRACK EARNING, SPENDING AND DEBT
OPEN UP ABOUT YOUR OWN CREDIT HABITS — AND MISTAKES
HOVER LESS, TRUST MORE
FoundingFrog