1766: Best of So Money: Raising Money Smart Kids

Peter Bergman, Executive Director at Chase Consumer & Community Bank, shares insights on cultivating financial literacy in children. He stresses the importance of involving kids in everyday financial decisions to help them understand saving and budgeting. Practical strategies like implementing an allowance system and fostering family discussions about money are highlighted as essential tools for teaching responsibility. Bergman emphasizes recognizing individual money personalities and providing real-life experiences to nurture strong financial habits from a young age.