FINANCES
Having the talk with your kids... lk a t r e h t o e h t , k l not THAT ta onics
By Millicent Sim
T
hink you might have missed the class in Fire College on how to manage your money and plan your retirement? Nah! You didn’t miss it – that class never existed. Most of us never get that information at any point in our education and end up simply depositing our paychecks and trusting that our pensions will take care of us. Why not put some thought and effort into these important issues and give our kids the straight talk about finances we never had?
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That conversation could be the greatest gift we’ll ever give them and an important head start as they begin understanding money. The first step is developing financial literacy. Being wise with our money might seem intimidating but the rewards can be huge, particularly when we consider the long-term gains that careful management can create. It’s important to exercise good money sense and pass those important lessons on to our kids.
