If you are like us, you grew up around financially illiterate adults and/or adults who followed the rule of “you don’t talk about money”. Unfortunately, it resulted in multiple generations of kids aging into adulthood who know almost nothing about finances.
[F’er climbing on a soapbox…]
It is your responsibility to not only tell your kids what to do, but to lead by example. You need to best prepare them for life. And finances are right up there with health in terms of the top things you need to teach your children so they can be successful, functional adults.
So how do parent financially fail their children and what do we think more parents should do?
If you are a parent, expecting parent, or ever plan to be a parent, you want to read this.