Raising financially independent daughters is crucial for them to survive and thrive in today’s world. We know that most schools aren\u2019t really into teaching personal finance strategies to their students. However, until they do, lessons about money must take place at home. <\/p>\n\n\n\n
Educate your girls about finances, savings and investing from when they can talk and demand what they want from you. How do I make my daughters financially independent, you ask? Here are 4 ways to do so. <\/p>\n\n\n\n
Duh! Children observe and learn. What they see, hear and experience daily is what they repeat. If that\u2019s the case, they should be getting to observe some good examples. If you\u2019re a woman reading this, we implore you to live by example. <\/p>\n\n\n\n
Daughters need to see the women in their lives nailing the financial game. Talk to them about money equality, tell them how it starts at home\u2014even better show them how it starts at home. That’s the key to financially independent daughters taking over the world.<\/p>\n\n\n\n
It can be something as simple as watching parents discuss weekly food budgets or even a family vacation budget. Daughters need to know that women not only contribute financially but also have a say in money matters. When the time is right have deep intense conversations about how men don\u2019t inherently deserve or earn more than women.<\/p>\n\n\n\n
When you\u2019re religiously following the \u201clead by example\u201d routine, give your daughter money management lessons. If your daughter is old enough to earn an allowance or communicate her wants, then she\u2019s probably ready for money management lessons. Don\u2019t worry there are a ton of age-appropriate lessons, moreover children (especially girls *wink wink*) are too smart for their own good. It doesn\u2019t a lot to explain money, saving and buying.<\/p>\n\n\n\n
Teach your girls the value of managing money and saving, it\u2019s a good habit. It will help her understand how to choose between what they need and what they want. Barbies or Chick-fil-A, they\u2019ll know what\u2019s important and what\u2019s not and they will less likely to make impulse purchases later in life. They even won\u2019t fall victim to displays at checkout counters. That\u2019s like every parent\u2019s dream come true!<\/p>\n\n\n\n
Don\u2019t ever let your daughter think or believe that money is a cure-all. Money can\u2019t fix everything. Ensure that she is aware that it\u2019s not always readily available, either.<\/p>\n\n\n\n
You can do this by being open about your financial insecurities with your daughter. Don\u2019t keep her from the truth. We\u2019re also not telling you that you have to paint a picture of the worst-case scenarios. Even if are\/were a spendaholic and you\u2019re bad at saving, be honest about it. Let her know that no one\u2019s perfect.<\/p>\n\n\n\n
Sometimes daughters would go to the mall with their friends and come home with a purchase that was not necessary, they would\u2019ve bought it just for the sake of buying something. Yes, it\u2019s super normal for teenagers to buy clothes for no good reason, but it\u2019s not a good habit to reinforce in excess!<\/p>\n\n\n\n
So how did we fix this? Ask them questions about the price they paid for clothes. Take them to different stores and show them the dramatic differences in the cost. Then, they will start noticing how much things cost when they pay for it out of their own pockets.<\/p>\n","protected":false},"excerpt":{"rendered":"
As parents, it is super important to show your daughters how to be savvy with money. When you give them money lessons, you give your girls the tools they need to become financially independent as they grow into young women.\u00a0<\/p>\n","protected":false},"author":10,"featured_media":221089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2345],"tags":[842,107,163,168,170,843,191,216],"edited-by":[],"class_list":["post-134541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest","tag-daughters","tag-financial-planning","tag-money","tag-money-matters","tag-money-saving-tips","tag-national-daughters-day","tag-personal-finance","tag-save-money"],"acf":[],"_links":{"self":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/134541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/comments?post=134541"}],"version-history":[{"count":0,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/134541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/media\/221089"}],"wp:attachment":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/media?parent=134541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/categories?post=134541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/tags?post=134541"},{"taxonomy":"edited-by","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/edited-by?post=134541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}