Many elder millennials may have learned to manage money much like our parents did: waiting for statements to arrive in the mail, balancing checkbooks and paying in cash. But if you’re planning to impart the same lessons to your own children, ask yourself a few questions first. If the respective answers are “no,” “rarely” and “maybe in that box I never unpacked since moving six months ago,” then the money lessons of the ’90s aren’t going to cut it for the next generation. The way we handle money had already been changing dramatically, but the pandemic accelerated those changes. By the time your kids become financially independent, they may thank you for it.

Source: Daily Sun January 04, 2021 15:00 UTC