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Why Is It So Important For You Teach Your Kids About Money?

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As parents, the education of our children is one of our most important goals. Education not only teaches children how to earn a living one day, but also how to get about in society. Unfortunately, there’s one gaping learning hole in that education process: money. Very little of the time that kids spend in school - at any level - will teach them how to deal with money. The bottom line is that if you don’t teach your kids about money, no one will.

Why is it so important for you to teach your kids about money?

They Won’t Learn About Money in School

Kids will spend 13 years in the school system, kindergarten through high school, and while they’ll learn all about higher level math, poetry, protecting the environment, and high minded
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Yet the amount of class time devoted to financial matters is painfully small, if it even happens.

They Won’t Learn About Money in College

Unless junior takes a personal finance course, he’s unlikely to get a financial education in college either. This despite an investment of four or more years, and tens of thousands of dollars in tuition and fees. It’s hardly a surprise then that so many young people graduate from college deep in debt, and often ascribe their situations to complete ignorance. Given the lack of education in the area of personal finance, that seems to be a legitimate claim.

You would think that somewhere between kindergarten and undergrad, there would be at least some semi-regular course curriculum in personal finance. Alas, there isn’t. Your children won 't learn about money in elementary school, middle school, high school, or college.

The moral of the story: don’t count on your kids learning about money at any level of the education system.

They Won’t Learn About Money on TV

According to the A.C. Nielsen Company, kids watch TV for an average of 3.5 hours per day. That’s roughly half the amount of time that they spend in school on a typical weekday. It amounts to about 24 hours per week, which means that TV has a significant influence on what kids are learning – or not learning.

Unless the child spends much of his or her TV time watching financial programs, it’s very unlikely that
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