Teaching kids about money at home vs. school vs. the internet

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Teaching kids about money at home vs. school vs. the internet

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Where is the best place for your kids to learn about money? Is it the internet? Is it at school? Is it at your house? What is it? I think the answer is all of the above. But we need to remember that it all kind of starts at home. That's where parents have the most interaction with their kids, you obviously don't have a lot of interaction when your kid's at school, so you need to be able to teach in the home, those things which are most important and are most meaningful for the kid. The internet obviously has a lot of resources, but not necessarily everything on the internet is accurate. So a parent needs to be involved in the process. So if your child wants to learn about something, sit down with them, get on the internet and research it. If it's about a credit card or it's about how to what a home loan is or whatever the topic may be, sit down, get on the internet with your kid and learn together. That's great. Don't assume that they're gonna learn financial fundamentals or learn about money at school. A lot of schools have tried to do a lot of improvement when it comes to financial literacy, but most schools teach that in high school and I think that's a little too - that's too little too late. Kids need to learn, early on, these financial fundamentals. They can learn from the internet, they can learn from school, and they can learn from home, but primarily, the home is where it all starts.

Watch Gregg Murset, CFP's video on Teaching kids about money at home vs. school vs. the internet...

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Gregg Murset, CFP

Founder & CEO, MyJobChart.com

Gregg Murset, CFP, is the father of six children, a Certified Financial Planner and the Founder and CEO of the fastest growing website, MyJobChart.com, which teaches kids about work and money.

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