Teaching kids about money and how to be financially responsible doesn’t have to come as a sit-down family conversation.
Sometimes the best ways to prepare your kids to be financial adults is with the little money tricks you teach them.
When I first told my parents that I was looking for a job their response was, “That’s great! You can get a jumpstart on saving for college, you’re so responsible.”
Slowly, but surely, I saw my savings account grow and grow and suddenly after working at my job for six months I decided to start saving fifty dollars from every paycheck.
A year and a half later, I had over a thousand saved up for college and was able to finance a car all on my own. None of this would have been possible if my parents never made me start saving for my future.
One tip that I have stuck by, that my father taught me, was to give myself $15 dollars every day. That meant I could buy lunch every day and still save a decent amount from my check.