Shaun Stenning - Smart Financial Gifts to Give Your Kids This Year
Shaun Stenning, A Serial Entrepreneur and Investor said, "When you know better, you do better." The earlier that your kids develop good financial habits, the brighter their financial future will be. With the holidays right around the corner, now is the perfect time to set your sights on one or more of these financial gifts that will help your kids learn about, respect, and appreciate money. 1. Monopoly Since 1935, this classic board game has entertained millions of people around the world. Turns out that playing rounds with "Monopoly money" can actually help build real life financial skills, such as negotiation, money management, and diversification. 2. Custodial investment account Most brokerage firms offer a custodial account that allows children to get a first taste of investing in the stock market under the supervision of a parent or guardian. A custodial investment account is a great way to get your child excited about investing and let them learn from firstha...