If you are looking for a new home this summer, it’s a great time to start teaching your kids about why owning a home is so important. Real estate investing is the foundation of the American Dream, whether your family owns one home or many.
Teach Them to Save
Although there are loan programs to help buyers with small savings, it is almost inevitable that buying real estate will require a personal investment of cash. Teach kids the importance of setting a portion of whatever they earn aside. Allow them to divide their money into categories like giving, spending, saving, and investing. Habits made young will be reinforced as they age and begin to earn more.
Let Them Help Create a Budget
Depending on the age of your child, real-world numbers
