Teaching kids about money and financial values isn't just about preparing them for financial success, it's about teaching them responsible decision-making, boosting their confidence and independence, and reducing their vulnerability to scams and manipulation. In this video, Peter with Richon Planning and Erin Kennedy share 3 tips to get the ball rolling:

 

1. Tailor your approach to their age: conversations and questions should vary depending on whether your talking to young children versus tweens versus teens
2. Use everyday opportunities to teach: grocery shopping, paying bills, discussing needs versus wants
3. Lead by example: be transparent about your budget, savings goals, and spending habits. Model responsible financial behavior by showing how you make smart financial decisions

  If you would like helping having a conversation about money or finances with your children or even your parents, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com   #MoneyTalk #FinancialValues #WealthManagement #FinancialLiteracy