This "mini" course follows our inaugural course Nurturing Financially Mindful Kids, and is a way to help parents coach the important subject of credit. It is a starting point, with principles that can be expanded upon as we all continue to learn together through our community.
I will be the first to admit I don’t have all the answers because as most parents know, every kid is different — that same principle rings true to everyone’s financial situation; there is no cookie cutter way to do it. And while most finance experts give you hard “rules” to follow, you won’t be hearing those from me because only YOU know your child, and only YOU know your financial habits and how best to use them to shape the life you want.
What I do know is that having a positive financial foundation and knowledge about credit can change the direction and quality of your child’s life — and it’s not as complicated to teach as it may seem. You don’t need to work at a Hedge Fund, you don’t need to understand complex financial principles — and you don’t need to be a finance expert in order to teach your kids about money.
All you need is an awareness of core concepts about credit and a commitment to learn and grow, and you’ve got everything you need to help your child build a healthy relationship that will serve them well for the rest of their lives.