Most schools do not teach these skills. Parents need to teach these vital skills .
Learn basic finance concepts for you and your children
What does financial independence mean:
• Feeling comfortable with money
• Being able to make trade offs
• Being able to save for something
• Having savings for unexpected expenses
• Having good credit
• Planning for retirement
• Understanding what banks and investment companies do
• Being able to manage your money
• Knowing how to create a budget
Currently there is no formal education on financial literacy. Our books provide focused education to specific audiences, we provide information that is timely and on-topic. Parents are largely responsible for educating their children in financial matters, although many parents did not get educated while growing up and therefore struggle to teach these skills to their children - and may be coping with money management and financial independence problems of their own.
For more information on educating your family on finance and money check out our books on financial independence:
Financial Independence Essentials
Financial Essentials for Women by Women
Financial Essentials for Couples
Raising Financially Independent Children
Financially Independent Teens
Budgeting for Women by Women
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