What is the best what to have kids handle and learn about money? Greenlight?
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Anonymous
| What have people found is the best way for kids to learn about saving, spending and investing? Greenlight? Advantages and disadvantages? Better options? |
Anonymous
|
Robinhood for investing under my name when he was underage. He decided what stocks to buy.
He had a debit card at some point, but it didn't get as much use as a credit card. I made him an authorized user two years before turning 18. He just applied for credit card on his own. We wouldn't get use out of savings account. Checking account now that he needs to pay his own bills, credit card, and investing. I will make the younger kid an authorized user now. Both are very sensible spenders. Never had to ask the older one about a charge, but I did lower credit limit to $1k on that card just in case. I was also ready to lock the card from the app. |
Anonymous
| Actually I think is talking openly with your kids about finances, income, savings, emergency expenses. I started showing my kids 529 account statements at 12/13- so they understood what things cost. Sharing spreadsheets of our family expenses, taxes, utilities. Model good financial behaviors |