Think you can figure out what makes 13- to 24-year-olds happiest? Would you have guessed it's spending time with family? Surprising as it may sound, that's the correct answer according to a recent poll done by the Associate Press and MTV. Over 1,000 individuals were polled and almost 75% of them said that their relationship with their parents made them happy.
In today's world where people are working longer hours, kids are happy to simply spend time with their parents. Make sure you carve out daily quality time for your kids. It means so much to them whether or not they express it.
One great way to spend time with your children is to teach them the basics about money management. Too many kids grow up without the slightest idea of how money works. If we, as parents, expect them to be successful in the world, then we need to make sure we teach them the foundations of finances.
According to a survey by Charles Schwab, just a third of kids understand their parents' financial decisions. Worse than that, only 14% are involved with paying the bills or helping with the finances of the home. Wow! We need to do a better job at involving our children in household money issues!
Remember these following tips when teaching your child about money:
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