7 Lessons to Teach Your Kids for Financial Literacy Month

7 Lessons to Teach Your Kids for Financial Literacy Month Parents may feel unqualified while teaching kids about money, but experts says no degree in finance or special knowledge is necessary. Instead, financial literacy starts by teaching the following seven basic lessons. 1. How credit works. 2. Time helps money grow. 3. How to delay gratification. 4. How money works in the real world. 5. Every purchase has an opportunity cost. 6. The difference between wants and needs. 7. The repercussions of making a money mistake. Source- money.usnews.com