Teaching Your Kids About Financial Responsibility
My wife and I recently entered a new phase of life with all our children (mostly) off the proverbial “payroll.” It’s a great feeling of accomplishment, but it has caused us to reflect on what we have taught them about money over the last nearly 30 years. Did they learn the key life lessons of how to handle money? I think we did pretty well, but on a broader scale, as a country, we are clearly demonstrating low financial aptitude. Take, for example, the escalating level of household debt, which hit an all-time high in 2017. Clearly, we need [...]