← 4 Tips for Raising Money-Smart Children

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By Anslem Samuel | Published January 24, 2011 | Full size is 500 × 320 pixels

BE A GOOD EXAMPLE: “The biggest inhibitor of children learning about money is parent’s not feeling like they’re comfortable about their own understanding of money and how it works,” says Seymour. Know your financial situation and sit down with a professional advisor. Ask your advisor for tips on the best way to impart financial information to your children based on their age. Teach your child to budget their money and prioritize their spending. Reinforce that message by not giving your children what Seymour calls “short-term” loans—giving them extra money or using your credit card for purchases they haven’t budgeted for.

BE A GOOD EXAMPLE: “The biggest inhibitor of children learning about money is parent’s…