Educating your kids about finances

Posted on: 9:50 am, May 8, 2013, by , updated on: 10:33am, May 8, 2013

Math, science and history are all staples in the classroom.  But there’s a growing conversation about making financial education part of our children’s mandatory curriculum as well.

However, until a decision is made on that front, it’s important for parents to take on the role as a financial educator.

Amy Guerich, a financial planner with Stepp & Rothwell, an investment and financial planning firm in Kansas City, appeared on Wednesday’s FOX 4 Morning Show to discuss some ways parents can educate their kids about money.

Guerich’s tips:

  1. Communicate
  2. Lead by example
  3. Putting money skills to the test – Allowance
  4. Wants versus needs & sacrifices versus choices

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