How teaching kids financial literacy at an early age is helpful [Video]

SOUTH BEND, Ind. — Understanding money is more than just counting coins, it’s about building skills that last a lifetime.  

Sylvan Learning Chief Operating Officer Sarah Miller says teaching financial literacy to kids early on is key to preparing them for the real world.  

“Sometimes money can be a taboo topic or maybe something we don’t talk about because the money is there, the money is not there. But if we continue to talk about, and again as parents, bringing your kids into those conversations, it helps them not be afraid of, not be unaware, but to be aware and able to understand what’s a healthy relationship with money. Understanding what we have and don’t have and how that impacts the decisions that we make about the purchases that we are making,” Miller said. 

One of the easiest ways to introduce money management, Miller says, is with a chore chart. …