There are many things in life that are not entirely under your control, but you want them to pan out a certain way. Raising children that are healthy, happy, and financially sound is one of them.
Specifically, talking about your children’s self-sufficiency, you want them to be financially prudent as soon as possible. You want them to be able to manage to pay their monthly bills on time, have a solid credit score, live within their means, and thrive in a career that they absolutely love. Obviously, the last thing you want is for them to be mooching off of you (or their friends) in their mid-twenties.
While there is a myriad of factors that come into play, and ultimately it’s their life decisions that determine their financial future, there’s a lot you can do (even before they enter the teenage years) to increase your odds of being successful in raising self-sufficient children. From guiding them to choosing a career path they love to charging “rent” and getting creative with the allowance, there are steps you can take to ensure you do the best you can for them.
Check out the infographic below by Peachy which elegantly outlines ten actionable steps you can execute forthwith.
Infographic By Peachy Steps to Make Your Kids Financially Independent: An Infographic
Read also : 9 steps to financial freedom