Family topics

Starting your family’s tradition of investing [under FAMILY TRADITIONS]

Childhood is the perfect time to learn about investing and responsible adults are the ideal teachers. The best way for parents to teach money management is by setting a good example.  Parents can reinforce their example by playing financial board games and video games as a family activity.  Assistance and supervision reinforce the development of good financial habits such as creating and using a budget.  Discussions and field trips are powerful methods for showing children how adults use bank and investment accounts.

Desired skills and knowledge of young investors:

  • Resilience and self-control
  • Reading
  • Counting money
  • Managing money
  • Shopping wisely
  • Sharing
  • Saving
  • Investing
  • Taxes
  • Debt management

Copyright © 2019 Douglas R. Knight

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