Let's face it: The topic of economics can seem intimidating for anyone.

This is true no matter what your age would be, so there is nothing wrong with a parent feeling as though they may not be qualified to address these types of topics with children.

But since these are critical aspects of anyone’s life, it is important to get your children thinking about these topics while they are still in their earlier years.

Finance: It's Just Simple Math

One way of approaching the topic is to remind your child that economics is really just simple mathematics.

Most of the advanced accounting equations are little more than addition, subtraction, multiplication, and division in one various order or another. This means that anyone that managed to graduate high school should have a strong grasp on many of these topics.

It also means that nobody should feel intimidating about talking to their children about economics.

Feel Confident about Finance

The US is now almost $20 trillion in debt, and hopefully in the future we can prevent similar problems if we have an informed public that is exposed to economics lessons early on in life.

This means that is it important to help your children understand savings and finance at the personal level. On our last family trip, our family reduced our costs with a hotel tonight code that allowed us to spend another two days in our vacation.

This is personal finance and savings at work, and I made sure to explain to my kids that our ability to be frugal is what actually allowed us to have such a wonderful trip.

My Experiences

As the mother of a developmentally disabled child, I began writing a blog that allows for the intersection of business and biotechnology. I feel that this helps both my child and children with similar debilitating illnesses.

Of course, the world of finance encompasses more than the world of just biotech and so there are instruments like the S&P 500 that should also be explained to your children whenever you are trying to help them understand how the markets and the economy both work.

In any case, I always try to make sure that my children understand the value of a Dollar and the fact that money does not grow on trees. We need to be careful with our savings and approach life in ways that are frugal and economically responsible. This must always be instilled in children at a young age.