Teach Your Children To Be Responsible With Money
The 17 long time readers of the blog know that every year I write several posts about educating my children. There are two standard posts that I include in this group:
1) The cost/benefits of a private school education.
2) Curriculum- What sort of courses should our children be taking and what isn’t being taught in school that should be.
How to use money responsibly is at the top of that list. Ignore your political leanings for a moment and think about the shameful behavior of the US government a few weeks ago regarding the debt ceiling. Think about the economy for a moment and then take a stiff drink because you’ll need it after that.
More than a few of us are living paycheck to paycheck. More than a few of us are wondering how to make ends meet. People are losing their homes, fighting to find affordable healthcare and wondering if they will ever be able to afford to retire. One of the best things that we can do is teach our children fiscal responsibility. It is not something that they will learn in school so it is up to us to teach them how it is done.
Some time ago I learned about a tool/company that we can use to help make that happen. It is called ThreeJars and it is a simple, yet effective way to help provide that education. Watch the video just below and you’ll gain a greater understanding of how it works and what it does:
I strongly encourage you to check it out. They offer a free two week trial. If you like it sign up for it and start helping your children learn about the value of compound interest and saving. If you don’t sign up that is cool too, but either way I strongly urge you to teach your children how to use money responsibly. It is one of the most important and critical lessons that they will learn in life.
(Disclosure: I am part of their affiliate program.)