Kiplinger

4 Ways to Teach Your Children Financial Responsibility

Americans are facing a personal finance crisis. Almost 60% of all working age Americans have no retirement savings. And dealing with unexpected expenses can be a hardship for many families without savings. In fact, 4 in 10 adults could not cover a $400 emergency expense.

We need to make sure the next generation is better prepared, and that means helping children form healthy financial habits and relationships with money at a very young age.

The good 1,000 parents and found that over half (56%) believe children should start learning good financial habits when they are between 4 and 8 years old. Nearly half (49%) of parents also said their greatest difficulty talking to their kids about money is doing it in a way the kids would understand.

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger4 min readTech
How to Buy the Right ETF
If you're trying to keep up with the exchange-traded fund (ETF) industry, don't blink. Providers have been churning out more than 200 new funds per year since 2014, including 268 new launches in 2018. So how on earth do you weed through all these off
Kiplinger3 min readPsychology
Looking for a Job? What They Didn't Tell You in College.
Let's begin with this question: If you feel that your education has prepared you adequately for the realities of the working world -- getting a job, doing well and advancing -- please raise your hands. Hmmm, I don't see many, so let me try a differe
Kiplinger6 min read
The Best T. Rowe Price Funds for 401(k) Retirement Savers
A dozen T. Rowe Price funds appear among the top 100 401(k) funds this year, according to data firm BrightScope. Interestingly, all are funds that focus on growth stocks, and all are standouts in their categories. That shouldn't surprise anyone. Thom