By: Tina Stern

Talk to your children or grandchildren about the value of saving money for specific purposes. Simple lesson: if you want something, you have to save your money for it.
Once they’ve learned to save to achieve their goals, it’s time to teach them how to earn money through interest accumulation. Learning the benefits of compound interest will help to encourage them to invest their money in income producing instruments.

It’s important to stay involved with them as they learn to build a secure financial future. Most children consider a parent or grandparent a primary source of financial information.

Be a good role model by demonstrating good financial habits yourself.

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