(WBBM NEWSRADIO) -- The worlds of money and investing can be a mystery to those who don't know the lingo.
A financial advisor has some tips on how families can learn about money together.
Matt Matigian, CEO of Blue World Asset Managers in Chicago said a family investment club can be good teaching tool for the entire family.
"We use the family investment club as a broad based learning tool," Matigian said.
He told the WBBM Noon Business Hour that the participants agree on a budget and talk about investing in individual stocks.
"It's talking about the economy, the things that impact the economy, how to read financial statements, how to conduct due diligence," Matigian said.
He said a family investment club can help participants become comfortable with the language of finance, which he said can scare some people away.
"If you can do arithmetic, you can invest safely and comfortably. It's the word that you need to get comfortable with a lot more than the math.
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