Children learn math in school, but they don’t usually learn about money. Kids learn those lessons (either good or bad) in financial literacy early on from watching the examples set by moms and dads. While many parents may wait to teach the “value of a hard-earned dollar” until the kids are babysitter age, research shows that may be too late. According to a study from Cambridge University, basic money habits are formed in children by the age of seven. So what can parents do to raise financial experts—even if they’re not ones themselves?
Beth Kobliner, author of the new book Make Your Kid a Money Genius, stops by the Morning Shift to share her tips on giving kids their best chance to be financial experts for life.