Christin Cardone McClave and her husband decided early that they would not be the parents who bought their boys their first cars. Each son took a summer job at 15 or 16. All that they earned went into the bank: paychecks, birthday money, everything. By 16 and a half, both sons bought their own well-used car with money they had earned over the years.
McClave grew up third generation in a family business and now advises multi-generational families. She often hears one question from parents more than almost any other: When should we start teaching the kids about money?
According to McClave, that question isn’t the right one to ask. Financial literacy delivered at a younger and younger age isn’t going to teach a 14-year-old what they actually need.
So, what do young children need in order to develop financial literacy? Uncover McClave’s answer in this article.
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