Making Cents on MetroFM – 2020.06.16
The importance of financial education for kids
Mary J was invited by SPHEctacula and DJ Naves to share her views on the topic of how financial education of our kids is increasingly important.
It is becoming essential for the average family trying to decide how to balance its budget, buy a home, fund the children’s education and ensure an income when the parents retire. Of course people have always been responsible for managing their own finances on a day to day basis but recent developments have made financial education and awareness increasingly important for financial well-being.
Questions explored included:
- How important is it to start financial education early?
- Is there an age when parents should consider teaching their children about money?
- What kinds of lessons can be used to do this?
- How important is it to also include credit in financial education?