Don’t Feel “Qualified” to Teach Your Kid about Money? Read this.

Teaching kids about money leave you queasy in your belly? I'm here to tell you that you are QUALIFIED to teach your child about money, no matter what your situation has looked like up until now.

Teaching kids about money: you are fully qualified to teach your child about money — I've waved my magic wand, and it is done.

Yes, I’m talking to YOU.

The one who thinks since they only JUST got their own money together enough to feel semi-responsible, that they can’t possibly be qualified to teach their own child.

Hi, I’m Amanda L. Grossman from where I teach kids all about money. And today I want to show you precisely why you are fully qualified and capable of teaching your child about money.

What qualifies you to teach your child about money through ways like teachable moments at home, you ask?

I’ll give you three teaching kids about money qualifications, and see if you can pass them:

Qualification #1: You’ve made a money mistake.

Money mistakes are material!

These are golden opportunities when teaching your child aobut money, not something to be ashamed by.

Take a few minutes to remember the mistake that you made, the details involved, and the lesson you learned from it.

When put in that same situation in the future, how did it go the second time-round?

Examples (nah…I didn’t make these at all…):

  • Opening up a new checking account and closing the other one, only to have several automatic bill-pays bounce.
  • Graduating college with a huge debt monkey on your back. Sure, you knew you'd be in debt. But $36,000?!?
  • Missing a mortgage payment.
  • Getting a letter from the IRS.

Use these nuggets and show your child that a) you’re human, and all humans make mistakes, and b) it’s okay when THEY make money mistakes, as there’s a way to work out of them.

Pssst: Want more on how really successful money people have made huge blunders – think bankruptcy, 401(k) cash outs, and $250,000+ in credit card debts? Then check out my post on how to turn your biggest money mistakes into assets here.

Qualification #2: You’ve been in the banking system for any number of years.

You know how to make a transaction (at least I would hope so, at this point), and you know the difference between a debit purchase, a credit purchase, and cash. You’ve got a checking account, you’ve got savings, and you know the difference between the two.

Got a retirement account set up at work? Bonus points.

Walk your child through each of these accounts, and each of these ways to pay for things and you’ll have given them more information than they’re likely to receive in personal finance education at school.

Qualification #3: You care.

Seriously. In a world where 69% of parents are reluctant to even talk about the subject of money with their kids, just showing up and opening up dialogue about the subject will put your child ahead of the pack.

You are reading this article, so you obviously want better for your child than you had (qualification #3 met!). You’re taking the right steps to get there, and by clicking through content here, you’ll find lots of resources to partner with you on your quest for your child’s bright money future.

You’ve GOT this!

Pssst: still feeling a little unqualified in the money realm? Here are 5 personal finance books that, once you read, are like getting your Money GED.

Do you get queasy when thinking about teaching kids about money? You're not alone. Let me show you why you're qualified, and how to get started. #teachablemoments #learning #quotes #kids #parentingtips #parentinghacks #parenting|

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