Teach your children to make sound financial decisions. Prepare them to use their money wisely and with a purpose
Money issues challenge every family, no matter their background. That’s why Money Minded Families: How to Raise Financially Well Children offers advice on how every adult and child can be "financially well." The book explores how we can align our individual values with finances, while planning for a more secure financial future. It looks at how we can save, spend, share, and invest with a purpose. The author supplies financial basics for families and direction on creating a family mission statement, in order to help drive mindful financial choices.
With the help of this book’s holistic financial guidance, families can take steps to live their best financial lives, rather than simply getting by. Readers will find advice on:
- Practicing financial mindfulness
- Understanding the current financial landscape
- Spending with a focus on personal values
- Understanding key financial concepts
- Engaging in healthy financial socialization
- Becoming financially independent
Today’s financial environment sets up unique challenges, including concerns over Social Security, sky-high college costs, and debt. Kids are more likely to make their buying decisions online rather than in stores. It’s important that children’s knowledge about money begins in the home. When parents actively teach their kids about money, it can contribute to their chances of future financial success.
Within Money Minded Families, parents will find tools for evaluating and improving their own financial wellness. They can also teach their children about positive financial health using the book’s activities, which are organized by age.
It''s never too early to teach your child sound financial practices: What every parent needs to know about financial well-being
Financial wellness for you and your family begins with your mindset, not your bank account. Money Minded Families reveals how families, with a simple shift in perspective, can achieve personal and financial wellness. The book is a real-world guide to developing healthy financial habits in any child and improving the financial practices of any parent. Combining economic research, lessons from her career as a money manager, and stories from her own family''s financial journey, author Stephanie Mackara provides expert advice on talking about money with children and creating financial well-being for your family. This engaging, reader-friendly book explains fundamental financial concepts while offering valuable insights on helping children grow up to become financially responsible adults.
At a time when financial stress is at an all-time high, children desperately need financial guidance more than ever. Help your kids secure a sound financial future by teaching them to save, spend, share, and invest their money wisely. Featuring age-based activities for learning financial concepts, a blueprint for creating a family mission statement, and effective methods for encouraging financial mindfulness and socialization, Money Minded Families is a must-have resource for anyone wanting to make a positive impact on the financial behaviors, attitudes, and overall well-being of children.
We all want the very best for our children and do everything we can to ensure their physical and emotional well-being. But how many of us focus on their financial well-being? Although we teach our children to walk, talk, and explore their world around at a very early age, we usually don''t even think about engaging them with financial concepts until much later in life. This is a mistake. It is never too early to teach our children how to become adults who control their finances, achieve their financial goals, and have the financial freedom to enjoy their lives. As adults, we all know how important financial matters truly are to our quality of life and overall health. Why, then, must we wait years before having important conversations and experiences about money with our children? After all, isn''t parenting about teaching our children to make smart choices? Money Minded Families: How to Raise Financially Well Children will help you share invaluable teachable moments to shape your children''s future attitudes about money, lay the foundation for financial responsibility, and give them a lifelong sense of financial well-being.
You will learn to prioritize teaching your children smart financial habits and instill positive connections with money. This practical, easy-to-read guide provides you with numerous examples of how to talk to your children about money while explaining why these conversations are so vital to their financial well-being. Author Stephanie Mackara, a financial advisor and investment management expert, shares the lessons she has learned from her career in finance and her experiences teaching her own son. When you talk to your children about money, it''s important that you understand the fundamental principles of money management. This book''s clear and engaging chapters teach you to determine your unique money personality, develop a healthy financial perspective, set your baseline values and goals, think about money like a financial professional, and much more.
Today''s financial environment sets up unique challenges, including concerns over Social Security, sky-high college costs, coupled with instant access to stuff through online purchases and apps. Children are more likely to make their buying decisions online rather than in stores which creates mindless spending. In a culture where far too many young people expect instant gratification and are influenced by a range of social and media pressures, it''s no surprise that parents delay, or worse, avoid teaching their children about money. When parents actively teach their kids about money, it can contribute to their chances of future financial success. Money Minded Families will help you set your children on the path to becoming financially independent and successful adults.
STEPHANIE W. MACKARA is the owner of Charleston Investment Advisors, LLC, a financial planning and investment management firm that helps families and businesses secure strong financial futures. Stephanie has over two decades of experience in financial services and an academic background in both psychology and law. She is an expert contributor to several national magazines and newspapers and speaks at financial conferences across the United States.