CNBC | Who should teach kids about money?
Apr 06, 2022“Every child’s very first teacher is their parent,” said Yanely Espinal, director of educational outreach at Next Gen Personal Finance, a nonprofit personal finance organization.
“This means early money lessons in the home are critical.”
Yet many parents may have feelings of self-doubt.
“It seems like a herculean task, an endeavor to take on to teach your kids about money when you don’t really feel comfortable about the topic of money yourself,” said certified financial planner Tom Henske, managing partner at New-York based The Affluent Insurance Advisor.
Conversations around the dinner table once a month can make a big difference, he said.
“What we need to do is create an environment where we just get kids excited talking about it,” said Henske, whose book for parents on how to teach kids about money, “It Makes Total Cents,” is expected to be released in June.