radial gradient

< Back to Blog

Lessons to Teach Your Kids for Financial Literacy Month

April 26, 2018 | 0 min read


'Finance is, in fact, a critical part of life. So much of the intangibles we care about -- whether it’s family or health -- are directly correlated to our financial flexibility and our having emergency funds.' --Ryan Caldwell, CEO, MX 

young child girl with mom learning about money

As we celebrate Financial Literacy Month (#FinancialLiteracyMonth, #FinHealthMatters), this is a wonderful opportunity to pause and focus on the rising generation. As the ability to understand and earn money, save money, and budget and use it wisely is so important to our happiness in life, it's worth focusing this month on what we're doing to teach children, teens and young adults wise financial best practices.

Here are a few tips for talking about finances with kids from a recent article by Maryalene LaPonsie for U.S. News & World Report/.

'Financially educated high school students are more likely to have a savings account with regular savings, fewer overdrafts and more likely to pay off their credit card balances,' according to the entry on 'personal finance' in Wikipedia.

What can you do today? Talk to your child, grandchild, niece, nephew or relative. Volunteer at a school. Donate to a fund. Read an article and make a commitment to act. And in some small way help the next generation enjoy the financial freedom -- and avoid some of the pitfalls -- you have experienced in your life. 

Related Blog Posts

Investor Advice for Fintechs

March 27, 2023 | 2 min read

There are a few key operating principles to keep in mind when thinking about attracting investors.

4 Macroeconomic Trends Impacting Insurance Companies

February 27, 2023 | 2 min read

Increasing consumer expectations, decreasing trust, and changing environments are impacting the insurance industry. Here’s a breakdown of trends in 2023.

How Credit Unions Can Tackle Macroeconomic Trends to Win in 2023

February 16, 2023 | 1 min read

Credit unions face liquidity challenges, higher delinquency rates, and the need to attract Gen Z and Millennial consumers in 2023.

Sign up to receive the latest news, announcements, and event info from MX.

envelope with airplane