Adventures Advice Business Life People Philosophy Survival Uncategorized

Preparing Your Child to be a Financially Responsible Adult

Andy Anderson

Dad helping daughter move into University
A kiss on the cheek, a pat on the head, a car packed to the brim and your precious baby is off to begin the first steps of his or her adult life. You’ve fed her, raised her and kept her out of trouble (as much as possible, that is) and you’ve taught her how to live her life as a responsible adult.

Before she leaves, though, it is paramount to help her understand her finances and what adult life will have in store. Here are a few tips to include in the conversation to help your child become a financially responsible adult:

1. Save

A penny saved is a penny earned, but more importantly, a penny that could be used to grow into a small fortune one day. Savings is an important part of any adult’s life as it helps to steer clear of purchasing on credit and racking…

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