** My path to financial literacy started with three jars
Diego Wright’s article, 'My path to financial literacy started with three jars,' details his journey to understanding money management, which began at age nine with three mason jars designated for spending, saving, and giving. This approach encouraged him to develop essential financial habits early on. Weekly sessions with his father involved calculating earnings and dividing money among the jars, illustrating budgeting's importance. As he faced the limitations of his spending jar, he learned valuable lessons about financial discipline and future planning. Transitioning to a savings account allowed him to save for significant goals like a car and college, while a brokerage account introduced him to investing.
Wright highlights the giving jar's impact, fostering community and social responsibility through charitable acts. This hands-on experience not only developed his financial skills but also ignited a lifelong interest in finance and investing. Ultimately, the article urges parents to introduce financial education to their children, equipping them with tools for better financial decision-making in adulthood.