Having financial skills is critical to navigating life, but research suggests kids may not be getting those skills from the source they most desire it from: their parents. According to the Financial Educator's Council, while 87% of teens say parents are their main source of financial information, only 20% of parents say they are teaching their kids about money. That's a huge disconnect.
The key to teaching kids about money is to start early and have honest, thoughtful, and regular conversations about money. Children as young as two can begin to grasp financial concepts. Once you begin laying that financial literacy foundation, it becomes easy to keep the conversation going.