As a financial planner, I primarily work with adults, many of whom are single parents. The focus is generally on retirement planning and college planning. Often, parents will plan to spend vast amounts of funds providing the “best” education; yet not preparing their children upon graduation with the basic understanding of cash flow, monthly budgets and living on a percentage to further invest early a set percentage of income. Often, we miss opportunities to walk alongside our children and teach them basic money skills that are second nature to us as adults.
The link to this site, www.teenvestor.com provides vast resources and tips for children to understand the basics of money and how to begin investing, slowly and simply, to truly harvest the benefits of compounding returns.T