Saturday, August 20, 2011

My 5-Step Plan to Teach My Kids Real-World Money Skills

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teaching about moneyParenting magazines and blogs are full of advice on how to teach your kids about money. It usually goes something like this:

  • Give them an allowance,
  • make them save some of it, and
  • consider matching their savings as an added incentive.

Of course, saving is important. But managing money in the real world is a little more complicated.

For starters, there's no one to force you to save money. Worse, the average college student graduates with more than $4,000 in credit card debt -- in...

My 5-Step Plan to Teach My Kids Real-World Money Skills originally appeared on DailyFinance.com on 2011-08-19T10:45:00Z.

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