I came across this quote the other day and wanted to share it!
“One of the greatest gifts you can give your kids is to prepare them to be responsible, empowered adults around money.”
I am so lucky my parents gave me this gift. I can still remember all the credit card companies on my college campus “giving away” shirts, hats, or even $10 cash for signing up for their credit card. They were all over the place. The companies would even say, “You don’t even have to use the card, just sign up and get the prize.” Most kids had NO IDEA that signing up for a credit card (or several) effected their credit rating or that if they used the card and didn’t pay it off the next month that they would be charged 20% (or more) in interest. I stuck with my checkbook (this was back when checkbooks were cool, I promise) and cash. And guess what? I graduated four years later debt free! What a wonderful gift I was given.