Among the growing calls for increased financial literacy programs for kids, it’s important to consider the essential elements to developing a prosperity consciousness as well as the mechanics of how to calculate interest or what constitutes good credit or bad When thinking of money and kids, it is certainly important for teenagers to be prepared for the complex and occasionally predatory world of easy credit and the pressures of mass marketing, yet financial literacy can and should start with younger children and parents have a crucial role to play

For hundreds, perhaps thousands of years, parents have known that bedtime stories help kids relax and fall asleep more easily They can also help develop reading skills and in emotional child development, but you may not be aware that bedtime stories also act as a form of hypnosis

The majority of people inherit their beliefs and values from their parents So along with Mum’s eyes and occasionally Dad’s nose, we are likely to become conditioned by their set of rules around money, which in turn came from their previous generation

It is a widely held belief that the earlier children learn a foreign language, the quicker they will be able to pick it up and achieve fluency The same is also true when it comes to teaching children about money and developing financial fluency