Unwrap the secret behind one of the most overlooked areas of Bar and Bat Mitzvahs
Bar and Bat Mitzvahs are a blast! It's the moment your child takes their first steps into spiritual adulthood, and they also get showered with gifts!
Sure, prayer books and tallit's are popular, but the #1 Bar and Bat Mitzvah gift your teen usually receives is gift money, which typically ends up being more money than they have ever seen or know what to do with.
But here's the thing, getting money is a big opportunity, but the bigger question is what do you do with it? For the most part most kids aren't taught how to handle it and make the most of it.
Money Talks: A Parent's Role
Gift money is exciting, but it can also be overwhelming for kids. Without guidance they may be tempted to spend it all on something they want now without thinking about the future.
As a parent, it can be difficult to know where to start when it comes to teaching your child about managing their gift money. You may not have been taught about personal finance yourself, or to how to take complex topics and simplify and explain them.
Despite these challenges, it's important to start having the conversation with your child and there are resources available to help guide you and your child in the right direction.
A gift more precious than money
The Bar and Bat Mitzvah Money Course was specifically created to help Bar and Bat Mitzvahs teens learn about savings, investing and charity. It's a great way to help them make the most of the gift money they received and set them on the path to financial success.
The course focuses on teaching them the value of money, how it works, compound interest and how to create good money habits for life (watch an actual demo class). Teaching kids from a young age about how money and investing work can be life changing. After the party's over it's the one gift that keeps on giving.
Bar Mitzvahs come around once in a lifetime, and it's important to make the most of this significant milestone. By giving your child the gift of financial literacy, you're setting them up for a lifetime of success.
Before you go,
- Join my next live investing course cohort here.
- If you have teens or looking for a Bar and Bat Mitvah gift, check out my course for teens! Early financial education never hurts!!
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