School may be out for the summer, but that doesn't mean your child has to stop learning.
With vacations, camps, and unique summertime activities, this season offers a multitude of learning opportunities to expand your child's knowledge of financial literacy.
This summer, discuss with your child the role that finances play in your leisure decisions. Perhaps you become a member at the community pool as opposed to taking a more expensive week at the beach. Or maybe you're splurging on a vacation this year after saving and forgoing vacation the past couple summers.
If you're traveling, encourage your children to set a budget for trinkets and souvenirs before vacation. Budgeting for these purchases is a great way to teach your children the importance of saving and planning.
These small conversations can help to prepare them for the big discussion of saving for higher education. If your child understands the smaller ways that saving money contributes to their summer activities, they'll likely have an easier time as they plan for the years after high school.
From Virginia529, we hope you have a happy, healthy, and enjoyable summer!