Money doesn’t grow on trees — Help your children acquire a saving and investing mindset
Abstract: It might be tough to convince children who are growing up in relative affluence of the importance of saving and investing. But they can have a rude awakening once they’re on their own. This article offers tips for teaching children how to respect the value of money. This includes having them earn their own money; showing them the value of compounding; and letting them help build an age-appropriate portfolio.