How to Teach Kids About Money

Talking about money can be difficult, but it's important. Here are some tips on how to get the conversation started with kids

Ruth Saldanha 17 September, 2020 | 9:00AM

Kids and Money

Talking about money is hard for many people. Some may not have enough. Others may have made mistakes that make talking about money difficult. And others may not like to discuss finances in general. However, it is important to take away the stigma of talking about money, especially with children and young investors.

As Morningstar behavioural economics team member Samantha Lamas points out, “The sad reality is that, in most cases, kids leave home without proper financial skills to achieve financial well-being. We see this in the endless cycle of financial mistakes in every generation.”

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About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor, Morningstar.ca

 

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