Liz Frazier is the Executive Director of Financial Education at Copper and author of “Beyond Piggy Banks and Lemonade Stands: How To Teach Young Kids About Finance”. Liz is a Certified Financial Planner specializing in financial planning for families and working professionals. Her goal is to alleviate the anxiety that surrounds finance, and make financial education, resources and tools accessible to all.
Even during good times, the majority of parents don’t talk to their kids about money. So when trouble hits, that shield goes up to protect our kids from the financial stress the parents are experiencing. Kids are perceptive though and it's important to talk to them about finance during times of financial uncertainty.
Teen should have a strong understanding of needs versus wants - this is the cornerstone of all spending decisions and budgets. Here are some simple things you can do to help them grasp these important concepts.
The world is advancing at an exponential rate. How we teach our children about money needs to change as well. As this latest generation matruees, they will be faced with complexiuties and decisions parents today never faced. With the addition of an unexpected event like COVID, financial literacy needs to be brought to the forefront of the dicussion.
We are in a time of uncertainy. As parents, the best way we can protect and prepare our kids for adulthood is to teach them the basic of finance. Liz Frazier outlines just a few of the positives that come with financial education.
With COVID thrusting the world into a state of flux, finances can be a major cause of stress for families. Millions of Americans have lost their income, and those who haven't are worried they might be next. If this pandemic has show us anything - the need for financial education and literacy has never been more critical.