teaching kids money

The Tough Conversation You Must Have With Your Teen

My 11-year-old son recently told us he wants to empty his bank account to get a new iPad. Apple shareholders will no doubt love seeing that. Me? Not so much. I have the burden of knowing what happens when you don't learn good savings habits early. In some ways, my enterprising son has to pay the price for my money mistakes.

My 5-Step Plan to Teach My Kids Real-World Money Skills

With little in the way of financial education in schools, most of us don't learn how to save and spend wisely until we're out on our own -- and then the process can be a painful one of trial and error. Here's one person's plan to start her daughters early on the path towards financial fluency.