Many of us learn the lesson, in hindsight, that we should have started our savings and investments far sooner than we did. There are many reasons why we didn't, and a lot of them have to do with the idea that it takes either a lot of money and/or a lot of experience and knowledge.
If you have children in this age-range, and have only just started to develop your child's money skills, don't worry when you see we've been helping parents with ideas going all the way back to toddler age. You haven't missed the boat!
We’re moving on in our financial education series for children with part 3, focused on 8-12 year old's with developmentally-appropriate lessons you can give to the “primary to pre-teen” age group.
It’s never too late to embrace new ideas and new habits, as our kids will notice the changes we embrace. Continuing on from our kindergarten segment, there are many practical activities you can do for and especially with your primary-aged child. Here are more steps you can take to help your kids learn important financial lessons.
In writing our Q1 Market Commentary last year, it was in the midst of a 15-day nationwide, or almost nationwide, lockdown in an attempt to “flatten the curve.” We had experienced a 34% decline in the S&P, we were just starting to get our bearings in the new Work From Home world and we here at CWM we were hard at work rebalancing portfolios to take advantage of tax loss harvesting while positioning for what was anticipated. [Read/Watch More]
Experienced parents will tell you that children start to mimic their parents’ activities at a very early age. Children watch and learn long before they can tell you what they’re seeing and learning. How you manage your money, and what you teach them about it, will last their entire lives.
