Not everyone has the privilege of growing up financially literate. It’s a topic schools hardly touch on, and it’s something many parents neglect to teach their children.
While ignoring financial literacy is already problematic, there are other things Mom and Dad do that don’t help either, like not having the child invest in their skills. Continue reading and find out more mistakes made by parents that might hurt their child financially.
Money For Good Grades
While this topic still generates a ton of debate, deciding that payment isn’t the best route for your child who receives good grades is okay. It can condition the kid to focus on getting good grades instead of pushing the limits for more. This can hurt their motivation after graduation.