What Black Parents Need to Know About Raising Financially Savvy Kids

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You don’t need to be a financial expert to raise money-smart kids. In honor of Financial Planning Month this October, here is how Black parents can turn everyday moments into lessons that last a lifetime.

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Every tap-to-pay transaction, $3 ATM fee, and cash-stuffed birthday card is an opportunity to prepare your child for the financial realities of adulthood. With October marking Financial Planning Month, financial education for teens and young adults is top of mind. The Root spoke with Crawford Mickey McGill, CEO of Houston-based Reveal Wealth Strategies, about how parents can share money lessons with kids of all ages. His top takeaway? Parents don’t need to have all the answers to start teaching—they just need to be willing to talk about it.

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