As a parent,
I feel an obligation to help get my children off on the right foot when it comes to learning about money. The lessons they learn at home are amongst the most valuable, and sometimes the most simple. Having to save to go on a family vacation is just one example. Turning the lights out to save energy and money is another (that one’s for my kids!).
If you can start the conversation about building better money management in the home early in their lives, the lessons they learn can help give them the knowledge they need to become financially responsible adults. By helping them understand the balance between spending and saving, you are contributing to their life-long attitudes towards living a healthy financial lifestyle.
Tye Bousada,a portfolio manager with EdgePoint Wealth and father of three wrote a wonderful article outlining the advise he shares with his children – Click Here: Tye’s letter to his children