Teach Your Kids about Money This Summer

Source: Morningstar
By Sue Stevens, CFA, CFP, CPA

Summer offers a perfect time for kids to learn about the joys of putting in a good day’s work. Work can also help a child learn about money–how to make it, how to spend it, and how to invest it.

The best way to learn anything is to make it fun. So you can help your children find the “right” jobs by talking to them about what they like to do. Keep in mind that grandparents tend to be prime customers for kids looking to help out and earn some extra cash. Not only can they spend more time together, they can help each other in the process.

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