Family Matters: Parents can teach children how to manage money
Money doesn’t grow on trees but in Mississippi, trees and many things that grow on them are used to make money. These two concepts may help parents teach their children the difference between putting a hand out or requesting a job to get the money to get the things they want?
Long before most children can add or subtract, they are aware of money and the power it brings. They see how their parents use money to buy the things they want and they want some of that power. But, if left to their own devices, kids are likely to spend money like it grows on trees. So parents have a responsibility to teach kids about money, so they can meet their financial obligations now and learn to be good financial managers in their adult lives. It can make the difference between financial security and financial ruin.