10 ways you’re hurting your kids financially

first_img 58SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr As a parent, protecting and providing for your child is a top priority. In addition to caring for your child’s daily needs, you’ve probably spent countless hours thinking about how to save for your child’s future. But given all that you’ve done, you might be surprised to learn that you could be dooming your child’s financial future.Here are 10 ways you are sabotaging your child’s future finances.1. Not Talking About MoneyChildren who don’t have conversations about money at home are less likely to understand the value of a dollar, and many of them grow up uncertain about how to manage money, according to T. Rowe Price’s 2015 Parents, Kids & Money Survey.Financial experts agree that not talking to your children about money is one of the worst parenting mistakes you can make. Even if talking about the family’s finances makes you uneasy, you should still make an effort to teach basic personal finance skills. If you avoid the topic, you could be neglecting your children of essential life skills that will help them avoid debt and low credit scores. continue reading »last_img

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