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Start tackling financial literacy at home and at an early age

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According to a T. Rowe Price study, 62% of parents are reluctant to discuss finances with their children.

April is Financial Literacy Month and you might want to mark the occasion by talking with your children about money.

Children today are growing up seeing “money” as a plastic card used to buy things. For others, it’s holding up a smart phone and using a digital wallet. Regardless of the method, teaching financial literacy allows children to be better prepared to avoid debt and bankruptcy in the future.

Jamie Bosse is a lead financial planner with Aspyre Wealth Partners. She is also the author of a series of children’s books on money concepts including “Milton the Money Savvy Pup Makes Saving a Habit."

Bosse points out another benefit to being financially literate is a happier, more stress-free life.

"When it comes to money, being able to manage it well is really a part of a healthy lifestyle and the earlier you ingrain that behavior, the better it sticks."

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When I host Up To Date each morning at 9 a.m., my aim is to engage the community in conversations about the Kansas City area’s challenges, hopes and opportunities. I try to ask the questions that listeners want answered about the day’s most pressing issues and provide a place for residents to engage directly with newsmakers. My email is steve@kcur.org.
As senior producer of Up To Date, I want our listeners to hear familiar and new voices that shine light on the issues and challenges facing the myriad communities KCUR serves, and to expose our audiences to the wonderful and the creative in the Kansas City area. Just as important to me is an obligation to mentor the next generation of producers to ensure that the important conversations continue. Reach me at alexanderdk@kcur.org.
Reginald David is an assistant producer with Up To Date. You can reach him at reginalddavid@kcur.org.