6 Tips for Teaching Your Children About Money (feat. Maya Corbic, CPA)

n 6 Tips for Teaching Your Children About Money, I give you tips for introducing your children how to handle money and why. Children can benefit from finance education at an early age. A study from the University of Cambridge, “Habit Formation and Learning in Young Children,” found that money habits are formed by age 7. According to the researchers, it’s important to begin teaching your children about financial literacy by age 3. Why? Because they pick up money habits quickly, so giving them the right direction is crucial. Begin your children’s financial education before they are in school. It’s important for them to understand basic money rules and form the right habits.