April is officially Financial Literacy Month! Make it a tradition to celebrate with the children in your family and lead the way to maintaining healthy money management habits. Here are ways to celebrate Financial Literacy Month.
• Give them a finance related gift (It will make them anticipate Financial Literacy Month)
o It doesn’t have to be expensive! There are a number of finance management guides for kids/teens less than $15, for example It’$ My Money; a finance-guided journal specifically for young adults. You can purchase, here.
o Purchase a bond in their name from TreasuryDirect. In a certain number of years, it will gain interest and they will be able to retrieve their money from the bank. This will teach them about investments.
o Upgrade them from the piggy bank. Start them a savings account or a pre-paid card that they can put their earnings into. This will help them manage their spending early on.
o Sign them up for a kid/teen-oriented financial learning course. Reach out to one of their friend’s parents or younger family member to join. This way it will be a better experience