Five Tips for Teaching Children About Money

All the planning, saving and investing that parents do for their children’s future won’t do much good if the kids don’t have the discipline and wisdom necessary to eventually manage money on their own, and hopefully make it grow.

The prime time for a child to begin learning good financial habits usually occurs during the “tween to teen” years of adolescence — when she is old enough to grasp basic concepts, but young enough to listen to her parents.

Here are ways you can help your clients provide their children and grandchildren with a solid foundation of financial proficiency.