Money Matters: Parents sharing financial lessons
A recent survey found that Americans lose hundreds, even thousands of dollars because of their lack of financial literacy. To avoid this, parents can give their kids a strong financial foundation with proper education.
Barry Bigelow from Great Waters Financial is here to share the money lessons parents can share to help them succeed. Barry talks about why should parents teach their kids about money and what money lessons should kids learn.
He says if kids learn the purpose and value of money, they respect the reasons to save rather than spend. He talked about how our adult kids can sometime come to us for help, and how we can offer support without putting their own financial health at risk.