Why You Should Teach Your Kids Money Management

Parents want the best for their kids and strive to provide all of the advantages that money can buy. One often-overlooked need is for children to learn how money is earned and how best to manage their resources. This can leave them vulnerable to the traps of over-spending and borrowing too much. Parents can help their children learn to manage money as soon as they begin asking for things at the store. They can then build on the knowledge gained to ensure their child’s future financial welfare, and teach them about everything from saving allowance money to the best types of jobs to...