Episode 34: Teaching Your Kids About Money
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One of the most significant injustices in our current society is the staggering lack of financial education offered to children in public schools. We often expect young adults to graduate college or leave the military and suddenly know how to navigate the “real world,” yet many are ill-prepared for the reality of credit checks, rental insurance, utility bills, and basic budgeting; critical skills that some only learn after it’s too late.
If schools do not teach these skills, then who will? If you’re a parent, even if you are not very financially literate, there are still several money related lessons you can teach your children. Teaching your child the difference between needs, wants, and desires or even helping them to learn how to budget are some of the most powerful gifts you can give as a parent. Even if they aren’t interested today, these lessons plant the seeds for a more secure and responsible future.
Are you struggling to explain financial concepts or looking to strengthen your own financial foundation? You don’t have to do it alone. At Wolfpack Consulting, we specialize in making daunting financial concepts easy to understand. No matter your age, or current financial literacy status, we can help you today.
If you have questions about starting your financial freedom journey or want to learn more about the services we provide, visit our website at www.wpconsultingsg.com and drop us a note. The strength of the wolf is the pack, and we want to become part of your pack today.
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