Teach your kids financial responsibility using all of the financial planning tools in this post, that are designed specifically for kids.

Kids financial planning tools and tips like these ones will make all the difference in how your kids will treat their finances all throughout their lives.

I used to think financial planning was something that only the wealthy could afford to participate in. Now I see it as something we all need to take advantage of.

KIDS FINANCIAL PLANNING TOOLS AND TIPS

IF YOU FAIL TO PLAN, YOU PLAN TO FAIL

I knew that I wanted my kids to understand how important it is to know and use some basic financial planning techniques, so we talked a lot about money from as early as possible, and took some time to teach them financial responsibility.

October is National Financial Planning Month, but if you look at the statistics most Americans seem to be ignoring this vital aspect of successful money management.

FINANCIAL PLANNING MONTH

While people in their teens still have several years before they start a full-time job that enables them to set aside savings, the earlier people can start setting money aside today the better.

Many adults (and all kids) don’t have the educational background to fully understand the complex world of financial matters.

FINANCIAL EDUCATION IS KEY

Parents should never let their teen apply for a job without them knowing about taxes, direct deposit, deductions, investments and wages.

Less than 10% of the money in the world is real. That’s right, we live in an almost cashless society and your kids need to learn how to manage finances without pulling coins or dollars from a jar.

CASHLESS SOCIETY

Swipe up TO READ MORE!