As a parent, you want your kids to thrive, becoming more independent at each milestone. But when’s the right time to talk to them about money? It’s now, according to CEO of the Money Savvy Brands Kathryn Main. “Social media influencers and their friends shouldn’t be a positive example and trusted guide to your children and their finances; that’s your job,” she says. A state of emergency has been declared and a lockdown implemented due to Covid-19. Businesses are struggling, salaries cut, jobs lost, and the economy has slowed considerably. What does this mean for you and your family? “Our kids learn from watching us manage our finances, even if we don’t discuss it with them directly,” says Kathryn. Here, she shares practical ways to teach your kids about money.
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