Reported 11 days ago
A significant majority of parents believe they should teach their children about managing money, yet many college students feel unprepared for financial realities. According to Mary Hines Droesch from Bank of America, parents should start teaching financial concepts as early as six years old through practical experiences. Using everyday scenarios, like grocery shopping, and introducing allowances can help children understand the value of money, distinguishing wants from needs, and saving for larger purchases.
Source: YAHOO