FINANCIAL FOCUS
How Summer Jobs Can Improve Kids’ Financial Literacy
A
s we head into the summer job season, there’s no better time to engage your kids in discussions about managing their money. First, any job – from working in retail to landscaping – is a learning experience. Kids learn about teamwork and interacting with others in the business world. It also teaches them about the value of money and how to balance spending and saving. Finally, it gives them a head start on living in the real world and taking responsibility for their own financial future.
By Robert May Assistant Vice President Frost Commercial Banking 22 | Mv | May + June 2022
The cornerstone of good financial decision-making is developing a fundamental understanding of the money being earned and spent. In addition, savings should be a topic of discussion. Helping your kids, particularly teens, make saving a habit will lay a solid foundation for a more secure financial future. According to a recent survey conducted by Engine Insights, U.S. teens are
calling for more financial literacy courses in schools. While that is certainly positive news, it will likely take some time for financial literacy to enter the curriculum. For the time being, educating teens and other children on financial matters will solely be up to parents. Even when financial literacy courses are introduced, parents should remain involved to share their experience, wisdom and family val-
