Financial literacy is essential for daily life. And yet, many parents are intimidated to talk about money with their children, while others may be eager to cover basic concepts but aren’t sure when or where to begin.
Each of us is faced with choices throughout our lives that have significant financial implications. How we navigate decisions such as which college to attend, whether or not to contribute to a 401(k), or the purchase of a home or new car, can impact our financial future.
Before parents tell their kids how they should plan for the future, they should be prepared with solid advice—advice they’ve incorporated into their own financial planning, regardless of which life stage they’re in.