Kiplinger

How to Teach Your Children About Money

Megan and Chad were determined not to repeat their parents' money mistakes. Neither was raised in a home that taught them much about how to handle finances. Megan's parents were spendthrifts. Chad's parents came from very modest backgrounds, living paycheck to paycheck.

The young parents knew they had the opportunity to break the cycle. They also let me know in no uncertain terms that they were committed to making sure their children got the financial education that they had missed.

Sensing their zeal, I

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