Rocky Credit Union goes into schools (those that let us in) to teach a class about needs vs. wants, online banking, debit cards, credit cards, and student loans. In these classes I often ask the students "How do you learn about controlling your money?" The usual response is from parents, friends or their job. A few students have responded that they don't ask their parents because they are always in debt and can't teach them anything about handling money, and a few others have said they really haven't learned anything about money from anyone. This is scary considering most of these students are grade 10 or 11 and half of them already have part time jobs.
There are 2 key things parents do to teach kids about money: 1. Teach by example, and 2. Talk to kids about money.
