Financial education handbook:

Practical ideas to engage the rising generation

 

For families who plan to transfer wealth, parenting adds another dimension to the process — the desire to raise motivated and financially responsible children. With 96% of college-bound students reporting they would have made different financial decisions with more financial education,1 it’s become vital to teach children basic money management skills, while instilling in them your values about money.

As a parent, you are the most critical source of financial information and guidance to set your child up for success. Learn how to prepare your child to value, manage and preserve your family’s wealth in our new guide, Financial education handbook: Practical ideas to engage the rising generation. The piece outlines an age-appropriate educational frameworks and discusses key financial competencies your child should learn — including saving, investing and spending — in the context of family values. You’ll also find conversation starters, strategies and resources to support an ongoing dialogue with your child.

Reach out to your Merrill private wealth advisor to discuss these ideas further, and for help in explaining financial concepts to your child.

A private wealth advisor can help you get started.

Our advisors can help you follow your passions, build a legacy and have a positive impact on others.

1 Based on a survey conducted by the National Financial Educators Council between November 21, 2012 and August 14, 2013. (Latest available data.)

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