Money Matters: How to Teach Your Kids About Spending, Saving and Financial Responsibility

What do younger children know about money, and financial responsibility? Not much, so it is up to parents to teach their kids about spending, saving and making sound financial decisions. These are skills that will be critical for them as they grow older. Mellody Hobson, president of Ariel Investments, and "Good Morning America" personal finance contributor, appeared on the show to share tips for teaching children about how best to handle their money. Q: How young should I start talking to my...Full Story
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