Raising children in today’s society has a variety of challenges, but none so timeless as the need to teach one’s children about finances. Financial education is a topic often missed in traditional schooling, leaving parents and loved ones to teach healthy financial habits on their own. While it may seem overwhelming to do so, raising financially independent children will help smooth the transition into adulthood, giving them the tools needed to achieve and maintain financial wellness throughout their entire lives.

To help get your financial education discussion rolling, we’ve compiled a variety of tips for raising your children to be financially independent.

Start with the Basics: Budgeting

Successful budgeting is the foundation of every financially independent household. You can introduce your children to the concept of earning money and spending it mindfully when they’re still young, and then build upon that knowledge as they grow older.

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