Teach Your Child How to Handle Money

They're refrains passed on from each generation of parents to their children: "What do you think – I'm made of money?" Or, of course, "Money doesn't grow on trees."

Discussing money with their children is something many parents dislike greatly, according to Charles Schwab & Co.'s latest online survey. While they were eager to teach their offspring about other milestones, they were sheepish about handling money and budgeting issues.

In fact, 70 percent had taught their children how to do laundry, but only 34 percent had showed them how to balance a checkbook.


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