Want your kids to be better with finance? Don’t make them afraid of money

April 29, 2019 by Bethany Frank

It’s never too early to teach your kids about money management. The more children know about money at a young age, the more likely they are to establish a healthy and secure financial future.

MarketWatch provides a great overview on how to teach your kids real-life financial lessons. Their advice? In order to teach your kids how to be better with money, give it to them at a young age and don’t make them afraid of it.

MarketWatch suggests simple steps to help instill good financial habits at an early age. Rather than just giving your kids an allowance, be sure to talk about what your kids can to with the money and how to properly budget. It’s not about controlling their spending but teaching them how to spend. Other tips include using savings apps and giving your kids access to a credit card.

It sounds like a lot, but the right tools can make it easy and fun to teach your kids about financial literacy. Namu is a simple app designed to give you joint visibility into shared credit card accounts, collaborate with family members, and manage finances together.

Interested in learning more about Namu?

 

Get Namu today to help with your finances!