Cincinnati.com – Julie Heath
“So, as you make resolutions for this New Year, I encourage you to include making it a priority to talk to children about economic and financial literacy. Teach them that they can’t have everything they want and about making choices – that every decision has an opportunity cost (what you didn’t choose). Recognizing the opportunity cost of choices is one of the most important concepts that anyone can understand. Teach them that money comes from work, that they can invest in themselves – that they are worth investing in. Teach them how to critically think through decisions, weighing the costs and benefits. Be that “one” for a child.”(more)