The Importance of Financial Literacy for Kids – Daily Flash Briefing

March 22, 2022 by Bautis Financial

Parents teaching their children about money - financial literacy

Take the time now to teach your kids about money, so they require less assistance later in life.

Financial literacy, the ability to understand and effectively use various financial skills, isn’t taught in most schools despite its importance. After all, a good understanding of money is one of the core skills needed to succeed in the 21st century.

In the following clip from Episode 98 of The Agent of Wealth Podcast, guest Rachel Murphy, author of “I Am Not Your ATM: A Practical Plan for Teaching Your Teen to Manage Money,” explains how no practical financial education can create major issues later in life.