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Series Finale Teach Kids About Money by Setting a Good Example
When should you start teaching kids about money? Now. Good money
habits start in childhood. A survey from the bank HSBC found
most people who described themselves as "active savers" started
young: 57 percent said they had been saving since they were
children and 51percent started after getting their first job.
More importantly, 73 percent said it was their parents who
taught them the value of saving money. And the best way to start
teaching, the experts say, is to set a good example. Take a look
at your own finances so you're not telling your kids to do as
you say, not as you do. "A lot of people don't realize they're
teaching their kids about money all the time," says Justin
Sinnott, vice president and financial consultant at Charles
Schwab & Co. "I don't know there's any magic starting time." But
even parents with bad