Why should you raise financially healthy children?
It is essential that we teach our children about money so that they are able to develop the key skills that are necessary for the management of money. It is one of the many things we do as parents so they are better prepared for the real world.
When they’re young this may seem a long way off, but believe me, time whizzes by very quickly.
Like adults, children experience underlying emotions around money and this will have an enormous impact on their lives and planning for their future. After all, their relationship with money is the longest relationship they will ever have.
If money was just about maths (budgets) life would be simple. But it’s not because we all attached emotions to money.
Besides teaching them the value of money, you are also building trust so that they will come to you first (not their mates) when they need to make financial decisions that will have lasting impact on their future.
As a parent, this may seem a huge task! Stick with it, it will be worth it in the end when you see your children set up for life because of what you have taught them.
And for them, it may well be the difference between a life of struggle and a life of their dreams.
Before you begin this journey with your children, make sure that you are Financially Healthy. If you think that managing your money and achieving financial freedom is just about the ‘numbers’, then download our e-book ‘Spice up Your Relationship with Money. This e-book will help you to evaluate what your relationship with money is really about.