They say it’s never too late to start learning. Especially if it’s about how to handle money. A survey done by OnePoll for BOK Financial revealed that 85% of parents believe their children should learn the value of the dollar and how to manage it before they become teenagers. And 82% of respondents agreed that financial literacy starts at home.
One mother on TikTok shared her strategy to teach her kids about handling money. But not everybody agreed with her. “I charge my kids rent and utilities,” Samantha Bird Shiloh claimed in her video, which got mixed reactions from netizens. Read on to find a more detailed description of how she teaches her kids financial literacy and what people think about her approach.
Bored Panda got in touch with Samantha, and she was kind enough to answer a few questions for us. We asked her what inspired her to start advising other parents on how to teach their kids about personal finances and what tips she would give to those who are looking to start educating their children. Read our conversation with Samantha below!
