Risk can be a difficult concept even for adults to understand. Yet assessing and minimizing risk is critical in managing one's finances. Help your child learn these concepts early in life.

Activity

Talk with your child about the following scenarios. Have them tell you what can be done to minimize risk in each setting.

  • What would happen if you rode your bike and fell on your head? Would it hurt? What could you do or wear to be safer?
  • What do you do before you cross the road? What could happen if you didn't?