Seven Characteristics of Financially Intelligent Parents

A financially intelligent parent is more than just one who knows how to balance a checkbook and make good investments. Seven important characteristics of financially intelligent parents include:

• Being optimistic about changing money behaviors
• Valuing financial savvy and financial intelligence
• Thinking about the meaning of money in their lives
• Educating their children financially.
• Recognizing that their money deeds have a strong impact on their kids.
• Feeling that children should hear “no” and “enough” in terms of money education
• Wanting children to work for a sense of satisfaction as opposed to money.  

One sociologist points out that that money is more present in our lives than we acknowledge – it is more than just a medium of exchange. Prioritizing a child’s financial education means discussing responsibility with them even when the conversations may be difficult.  

See Jon & Eileen, The Seven Beliefs of Financially Intelligent Parents – Part 1, Gallo Consulting LLC, June 21, 2011

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.