Boys Built Better

BBB 017: Talking To and Teaching Boys About Money

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All the QuestionsMan, have I been fielding a lot of questions about money lately. How much money do we have? Can we buy a Lamborghini? I want to go out to lunch with friends, can you give me some cash?All this talk prompted me to consult the internet for tips and tricks on how to talk to my boys about money and help grow them into financially literate adults.Financial LiteracyDid you know that was a thing? I honestly didn't until a few weeks ago. Being financially literate means that you as an adult have an understanding of things like: budgeting, debt, interest, and saving.Do you know what else? Statistics show that most of us ADULTS are unlikely to be financially literate and that it is not generally being taught in schools. That means that if your kids are going to grow up understanding all the ins and outs of handling money, YOU are going to have to teach them.Today we are talking about what it means to be financially literate and the skills you should possess as well as how to talk to your kids abou