This is what I’m teaching my kids about money (that I learned the hard way)

For many parents, broaching the subject of money with their children can be a minefield. Even parents who want to teach their children about personal finances struggle to have those conversations. That’s especially true when their kids are young: In a recent survey by Edelman Financial Engines, 49% of parents with children aged 4 to 8 said they didn’t know how to talk to their kids about money. But about 90% of them felt it was important that their children have sound financial habits, and admitted that they should be the ones to impart those habits.

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