Her 15-year-old knows that if he wants to take a girl out, he will have to get a job to pay for it. Her 7-year-old, meanwhile, is learning how much $5 will actually purchase.
Understanding how to manage money can help children to be less likely to join the ranks of so many who have financial difficulties in early adulthood, such as running up credit cards. And age-appropriate answers about the current economic situation can help alleviate fears.
Some parents wonder if they should hide their financial matters from their children.
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