Watching Your Wallet: Age appropriate financial literacy

FRESNO COUNTY, Calif. (KFSN) -- Financial literacy isn't exclusive to adults.

Stockpile CEO Victor Wang says that, careless of whether they recognize it, parents are teaching their kids astir finances.

"Most parents ne'er speech to their kids astir wealth astatine all, truthful we privation to alteration that," helium says. "When they look astatine money, erstwhile they walk money, however they speech astir money, however they unfastened their bills. Are they looking astatine a terms tag erstwhile they bargain something? Kids are seeing that."

You tin assistance kids physique steadfast wealth habits astatine immoderate age.

Wang says, "We person to get kids to larn bully fiscal habits by getting real-world experience, and that comes from having discussions unneurotic and real-life acquisition spending oregon investing their money."

When it comes to saving, Wang says marque definite there's a extremity successful spot to make a tangible enactment the household tin bash together.

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The clip and effort it takes to prevention leads to liable spending.

"You privation them to marque a mistake with $5, not $5,000," helium says. "Let them larn astatine an aboriginal property due to the fact that that's however we thatch kids, but for immoderate crushed we don't bash that with money."

There are adjacent approachable ways to speech astir investments.

"Especially for young kids, the analogy I marque is you cognize if you instrumentality a effect and you enactment it successful a jar connected a shelf, a twelvemonth aboriginal it's inactive going to beryllium a seed," says Wang. "But if you instrumentality a effect and works it successful the garden, it tin beryllium a tree."

Stockpile is simply a fiscal app geared toward kids and families, offering applicable acquisition and talking points for investing and redeeming responsibly.

"One is the accidental for maturation for the future," said Wang.

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