One Important Lesson Kids Don’t Learn In School

Joe Heider, president of Cirrus Wealth Management, appears on New Day Cleveland to discuss how parents can teach children good financial habits. “Particularly as children get older, they want bigger and bigger items, so if you give them an allowance combined with any gifts that they might get from birthdays and holidays, they can save up for that big item that they want. They have to earn that money through allowances and decide what they will buy and what they will forego,” he says.