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Showing posts from February, 2022

How I teach my kids about money

Money has a mystical quality. In ages past (aka 10 years ago), people carried around paper currency. New, crisp bills had a sacred aura. The stamped sheets of green had a fresh aroma like a new car. And then there were metallic circles called coins. I remember my parents used to collect pennies in rolls. I haven't seen a roll of pennies in years and I'm certain it functions better as a paperweight.  Technology has worked to make money invisible and touchless. It's no longer a physical transaction. We pay our credit cards online and shift them out of our attention through auto-pay. We set up recurring donations to our local church or charity. Taxes, healthcare premiums, and 401(k) contributions are automatically deducted from our paychecks and the remainder is directly deposited to our bank accounts. Even as money has become less visible, it's also become more visible in strange and magical ways. Every now and then, I scroll through my Venmo public transaction feed and g