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November 27, 2023

How to set good money examples for kids

  • Your actions and conversations can model positive financial behavior.

    Kids notice everything, whether you think they're paying attention or not. They repeat the curse words you blurt out when you step on a toy, and spill your embarrassing family secrets to their friends.

    From a surprisingly early age, the kids in your life also notice money: who has it, who doesn't, and how your household handles it compared to other people. They overhear arguments and pick up on stress. With every financial decision, you set an example. “You are a mirror and your kid is a sponge,” says Jordan Wexler, co-founder and CEO of EarlyBird, a registered investment advisory company where parents can open custodial and college savings accounts for their kids.

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