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The best gift we can give our children

The best gift we can give our children

April 04, 2024

April is Financial Literacy Month, and one of the most impactful gifts you can give is a strong foundation in financial literacy.

As influential figures in our community, we play a role in helping the next generation develop the basic financial skills they'll need to have a relationship with money and to navigate life's inevitable financial decisions and challenges. And we want to do more.1

Sadly, a study revealed that only 28 percent of parents discuss financial matters with their children, with many relying on schools to cover this topic.2

Warren Buffett once said that the biggest mistake when teaching children about money is waiting too long to start. Studies show that children can grasp basic money concepts as early as 3-4 years and that by age 7, they start to develop fundamental concepts relating to future financial behaviors.3

We've worked with individuals and organizations over the years who share a passion for promoting financial literacy. If this aligns with your values, we’d like to hear from you. Let us know about your accomplishments so we can share insights about what's working and what's not.

We'd love to hear from you.

1., 2024. (Based on a 2019 study that surveyed 1,000 credit union customers.)

2., February 12, 2020

3., October 14, 2021

This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm.