Your children learn from what you do in your own life, but there are some parents that feel as uncomfortable talking with their children about money as they do talking about drugs or sex. Investigating websites that will help you learn to manage your own finances, such as Mymoney.gov, AmericaSaves.org, ING Direct’s Planet Orange, and SchwabMoneyWise.com will help; you can’t pass on what you don’t have yourself. In addition, there are many other sources online that will help you create a money strategy with your children, and give you suggestions on useful practices your family can do together. Find a way to give your children smart allowances; give them useful jobs and interesting ways to earn. Teaching your children how to work for their money in a fun way is just as important as teaching them how to open a checking account and manage a checkbook!
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