If the Great Recession taught us one thing, it’s that we all need to be a bit more mindful of our money. And as parents, one of the smartest things we can do to help the next generation learn from our mistakes is to start educating our children early about personal finance. John Lanza, chief mammal at The Money Mammals, cites research and suggests we start talking to kids about money when they’re in preschool (after all, they’re already being bombarded with advertising that’s encouraging them to spend, spend, spend). Borrow a page from the advertisers and make your “share, save and spend smart” message just as engaging. “We know that exposing our kids to reading and writing at an early age is essential, because we now know it helps build a strong foundation for later learning. The same idea applies to money smart learning,” John adds. Here, John offers advice, resources and encouragement for getting the conversation started.
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Chief Mammal and Creator, “The Money Mammals”