Learning about money is important and one of the more important things to teach to kids. Here are just five reasons why it's important to teach kids about money.

Importance of Teaching Children About Money

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Welcome back to Part Two of Raising Money Savvy Kids!

Last week, in the introduction to this series, we talked about what it means to be money smart. And today, we’re going to talk about something equally important: teaching children about money. Now, chances are that most of were brought up to know the value of a dollar. Or at some point in our lives, usually by the time we were teenagers, we definitely understood money.

Importance of Teaching Children About Money 1

But why is it so important to teach kids about money?

Chances are likely that you were taught the value of a dollar as a child. But why it is so important to teach kids about money?

There are many reasons why teaching your child about money is so important.

Here are four good reasons to teach kids about money:

* You want them to be less stressed about their finances when they’re adults.
* You want them to be able to live comfortably.
* You don’t want them living at home when they’re adults because they cannot afford to live on their own.
* You want them to do better than you.

And one of the most important reasons to teach kids about money?

Learning about money is important and one of the more important things to teach to kids. Here are just five reasons why it's important to teach kids about money.

Bankruptcies and Debt

Learning about money now can help your child avoid some of the biggest money mistakes that people make. Perhaps you’ve made these mistakes yourself.

We’re talking about deep debt and bankruptcy. Here are a few statistics to consider:

* Every year more than two million people in America file for bankruptcy.

* The average American household with at least one credit card has nearly $15,950 in credit card debt (in 2012), according to CreditCards.com.

* According to the Department of Education, the default rate on federal student loans has risen by about 5 percent in the past year and 500,000 more borrowers have slipped into default.

Teaching your child about money and starting when they’re young can help them avoid these unfortunate situations. No one wants financial stress and presumably no one really wants to file for bankruptcy or go into massive debt. At least that was something that I never aspired to do.

So is it really that important to teach kids about money? I definitely think so. Teaching kids about money and how to be money smart, are definitely important.

Importance of Teaching Children About Money 2

Money makes the world go round, or so the song lyric goes. So shouldn't it be a priority for kids to learn about money? Here are 5 important reasons for kids to learn about money.
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Kori

Content Creator at Kori at Home
Kori is an autistic mom who also happens to have ADHD and Anxiety. She is currently located in Albany, NY where she is raising a neurodivergent family. Her older daughter is non-speaking autistic (and also has ADHD and Anxiety) and her youngest daughter is HSP/Gifted. As an empath, HSP, and highly intuitive individual, Kori brings her own life experiences as an autistic woman combined with her adventures in momming to bring you the day-to-day of her life at home. Kori provides life coaching services for neurodivergent women (and those who identify as women) as well as Oracle card reading, Tarot card readings, and energy healing.

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