Use Summer Chores To Teach Your Kids About Financial Literacy
Start teaching your children about responsible money habits.
Summer is here and school is out. That means parents nationwide are searching for ways to keep their kids occupied. One productive approach is to use summer chores as a lesson in financial literacy.
It's never too early to start teaching your children about responsible money habits. An allowance for completing summer chores is a good place to start. Mowing the lawn or washing the porch can instill work ethic and appreciation for income.
You can then help them decide how to use that allowance. Try to explain the benefits of saving, but also allow kids to spend. They'll learn about managing personal finances either way. Reach out to Vectra Bank for more personal finance advice today.