{"id":36,"date":"2021-02-20T15:15:39","date_gmt":"2021-02-20T20:15:39","guid":{"rendered":"https:\/\/homeschoolblogger.com\/homebizhealth\/?p=36"},"modified":"2021-05-19T19:04:13","modified_gmt":"2021-05-19T23:04:13","slug":"help-your-children-gain-financial-wisdom","status":"publish","type":"post","link":"https:\/\/homeschoolblogger.com\/homebizhealth\/help-your-children-gain-financial-wisdom\/","title":{"rendered":"Help Your Children Gain Financial Wisdom"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"36\" class=\"elementor elementor-36\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2aa0f1a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2aa0f1a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b76416b\" data-id=\"b76416b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-75e17f6 elementor-widget elementor-widget-text-editor\" data-id=\"75e17f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Most people will agree that raising children is one of the most important things that a parent will do with their life.\u00a0 It is such an important \u2018task\u2019 because parents generally have the biggest influence over their child\u2019s values and priorities, which can profoundly effect how stable they are as an adult.\u00a0 Teaching children to be financially stable is one way a parent can help their child ease into adulthood without major money problems and be able to use money as a tool to assist them in many areas of their lives.<\/p><p>Starting as early as age 8, parents can be sharing a variety of financial insights to get a young mind to achieve the right thinking in dealing with money.\u00a0 You can start mentioning money concepts as early as kids can count, but at around 8 years old a child can best comprehend such concepts as long-term and short-term savings, dividing income, and the pros and cons of credit.\u00a0 As a child gets older, these financial aspects can become more involved and more advanced concepts can be taught such as mortgages &amp; loans, investing and sources of income.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c7baef3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c7baef3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2ec3edc\" data-id=\"2ec3edc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0102bdf elementor-widget elementor-widget-image\" data-id=\"0102bdf\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"750\" height=\"500\" src=\"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-content\/uploads\/sites\/15\/2021\/02\/financial-wisdom.jpg\" class=\"attachment-large size-large wp-image-53\" alt=\"mom and kids \/ quote from article\" srcset=\"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-content\/uploads\/sites\/15\/2021\/02\/financial-wisdom.jpg 750w, https:\/\/homeschoolblogger.com\/homebizhealth\/wp-content\/uploads\/sites\/15\/2021\/02\/financial-wisdom-300x200.jpg 300w, https:\/\/homeschoolblogger.com\/homebizhealth\/wp-content\/uploads\/sites\/15\/2021\/02\/financial-wisdom-600x400.jpg 600w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed8946c elementor-widget elementor-widget-text-editor\" data-id=\"ed8946c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Children will reap life-long benefits from their investment of time into their financial education, before they have a chance to develop bad money habits.\u00a0 There are many ways to appeal to the interests of each child to best teach about various money ideals and pique their interests too:<\/p><ul><li>teach about saving with a goal of buying something that they want<\/li><li>educate on the ins and outs of investing by following the stock of a company that produces something that the child enjoys<\/li><li>provide a budget outline for family expenses where children and parents come up with the forecasted numbers together and then keep track of actual costs.<\/li><\/ul><p>Keep the financial education light and fun to start with so there isn\u2019t any resentment from the child in later years to keep on learning.<\/p><p>The benefits of instilling good financial knowledge will create a solid foundation for a financially stable future. Not only will your well-trained child be more likely to have an adequate savings account and live within their budget, they will also be able to see credit as an area of caution. Many adults fall into the \u2018credit trap\u2019 before they even realize what hit them. Gaining financial wisdom, before any real responsibility of money is in your child\u2019s life, will almost guarantee the avoidance of unnecessary debt.\u00a0 It will be the best gift your child never knew you gave them!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Teaching children to be financially stable is one way a parent can help their child ease into adulthood without major money problems and be able to use money as a tool to assist them in many areas of their lives.<\/p>\n","protected":false},"author":41,"featured_media":53,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[7,8],"_links":{"self":[{"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/posts\/36"}],"collection":[{"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/comments?post=36"}],"version-history":[{"count":11,"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/posts\/36\/revisions"}],"predecessor-version":[{"id":58,"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/posts\/36\/revisions\/58"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/media\/53"}],"wp:attachment":[{"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/media?parent=36"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/categories?post=36"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/homeschoolblogger.com\/homebizhealth\/wp-json\/wp\/v2\/tags?post=36"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}