CFPB – “Parents are the strongest influence on how kids learn and think about money, and the back-to-school shopping season is a great time for some major money lessons.This year, try thinking differently about back-to-school shopping. While you plan and shop, say what you’re doing—your children are listening. You don’t have to give lectures. Just make it a point to talk through your money choices as you make them:
- Show them how you set a budget and make a list before you leave home.
- Let them hear you shop around and compare quality, quantity, and prices before you buy.
- Think out loud about how promotions, special offers, and taxes affect your choices.
It’s never too early to help your kids make smart money choices – and it’s never too late. To help, we’re working in collaboration with the FDIC to collect and share resources for parents.”