The Huffington Post – Andrew Plepler
“Learning may not be top-of-mind for our children in summer, but their extra downtime offers some great opportunities for parents to teach practical lessons to their children about managing money. A recent Bank of America/USA TODAY report examining how parents taught their children about finances revealed that 77 percent of today’s young adults believe the parent-child conversation about money should begin before the teen years — but only 52 percent of parents report starting those lessons before their children reached that age. Knowing that parents play a critical role in helping children establish good money habits, we’ve recently added a new Families & Money section to the Better Money Habits website to help prepare parents for these conversations. Here are just a few ideas to help you teach children of various ages to practice money skills while school is out.”(more)