Money and Kids: 5 Tips for Success

We are pleased to welcome guest blogger, Laura Edgar, senior writer for NerdWallet.com, a personal finance website dedicated to promoting financial literacy.

Money management is a popular topic for grownups, but it’s just as important for kids. Sure, your child may not have to worry about paying the mortgage, but she does need to practice budgeting, spending and saving. Kids who learn good money management habits are way more likely to make smart financial choices when they grow up; study after study confirms it.

Teaching your children good money skills isn’t as difficult as it sounds. You already know a lot about it! Here are 5 expert tips to get you started. Continue reading