The words you use when talking about money can make a difference in how they learn about personal finance.
[That phrase] implies a lack of power or controland the idea of not having enough.
Tying these emotions to money can create associations with helplessness and powerlessness," Cilona explains.
“Financial empowerment is formed by identifying that money can be controlled and managed through thoughtful decisions.
Instead, they suggest rephrasing the statement to something a little more empowering.
But maybe youdon’tfeel in control of your finances or you reallydon’thave the money to spend on something.
Want to learn more about how to teach your kids financial skills?
Head to the link below.
