Navigator Credit Union: Teaching Financial Literacy [Video]

MOBILE, Ala. (WALA) – April is National Credit Union Youth Month and National Financial Literacy Month. It’s the perfect time to plant the seeds of financial responsibility in our children. Navigator Credit Union has some simple ways you can let your kids in on the conversation.

Why is financial literacy important?

A study found adult money habits form by age 7, and around 57% of parents regret not discussing money earlier. Teaching financial literacy at a young age builds a foundation for a secure future. It can help with establishing good money habits, building confidence in managing finances, debt awareness plus much more.

Getting Children Involved

It can be hard to know where to start teaching your family about financial literacy. Luckily, you’re making financial decisions every day – you simply need to let your kids in on the conversation. Here are some ways to get started.

• Make it Fun:Use games, apps or age-appropriate books to …