"Activities to help parents teach kids money skills."

September 5, 2020 Business Consumers Money

When COVID-19 rapidly swept across the globe earlier this year, our lives were turned upside down in more ways than one. Some of the biggest challenges faced by millions of Americans include unexpected job loss and the financial struggles that go hand-in-hand with suddenly being laid off or furloughed.

Even if their own families are financially secure, children and teenagers are aware that the recession has left many in a crisis. Now is an excellent opportunity for parents to broach financial topics with their kids and teach them valuable money management skills, like the importance of having emergency funds and managing debt.

According to a recent survey, only 21 states require high school students to take a course in personal finance, while five states still do not include personal finances in their standards. When the credit offers start rolling in, this knowledge gap can potentially create serious problems.

More info at:
https://www.seattletimes.com/sponsored/activities-to-help-parents-teach-kids-money-skills/

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phillyadmin
September 13, 2020

Teaching kids about money is important like teaching them about the “realities” of life.