Smart Techniques to Teach Your Child About Managing Their Money

By Laura Onyeneho | Washington Defender | Word In Black This& post& was originally published on& Defender Network (WIB) – Financial literacy is an essential skill that lays the groundwork for future financial well-being and success. With April being Financial Literacy Month, there’s no better time to discuss how parents can play a crucial role in imparting these fundamental lessons to their children. The notion that financial literacy should be reserved for adulthood is an outdated one. Waiting until one has entered the workforce to learn about money matters often proves to be too late. Experts assert that there’s no such thing as being too early to introduce children to financial concepts. The unpredictable job and housing markets have proven the need for ongoing financial education, even for adults. Teaching children the fundamentals of credit, debt management, savings, and investing not only equips them for financial independence but also provides an opportunity for parents to deepen their own understanding of the evolving economic landscape. Marina Rivera, the chief lending and retail experience officer for Members Choice Credit Union, brings a wealth of expertise to the table when it comes to guiding families toward financial literacy. With years of experience in...