Imagine your kids in their mid-twenties still relying on you, or worse, their friends for money. They are unable to manage to pay their monthly bills on time, having a bad credit score, not able to live within their means, and stuck in a career that they don’t love.
Not a pretty picture, is it? This is certainly not what you, or any parent for that matter, wants for their children. You want them to grow up to become healthy, happy, and financially sound individuals capable of taking care of themselves (and maybe support you and a family of their own).
But then, as a newbie parent, you may have little-to-no idea on how to make that wish a reality, especially when it comes to making your kids financially self-sufficient. While there are countless factors that come into play, there’s a lot you can do (even before they enter the teenage years) to raise your odds of being successful in raising self-sufficient kids.
Here’s an elegant infographic by Peachy which deftly outlines ten actionable steps you can execute pronto. If you find it helpful, don’t hesitate to share it with your friends and on social media. Also, feel free to drop a comment if you have some tips for fellow newbie parents!
Infographic By Peachy – Steps to Make Your Kids Financially Independent: An Infographic