The National Bank of Parents: a Simple Financial Education Strategy for Children
Reading Time: 10 minutes I talked in Letters to my daughter: Build your “f*ck off” fund article about the importance of financial education from an early age. In this article, I will present our strategy to teach our four and a half-year-old daughter how to manage her money responsibly. Most of this strategy is based on The First National Bank of Dad: The Best Way to Teach Kids About Money book written by David Owen. He introduced this strategy to his children, aged six and ten at the time. Once a child can …