Nearly half of recent high school grads say they are unsure how to manage their own banking or personal finances, according to a survey by Capital One. Now for the good news: the survey also found that money is one topic where parental advice can actually get through to teens. Among the students who said they have frequent conversations about money with their parents, 81 percent feel prepared to handle their banking and personal finances.
Our kids are still really young (6, 4, and 2), but we’re talking with them about money more and more, at least the older two. This weekend, with a little coaching, they struck a hard bargain at a neighborhood garage sale, scoring new toy airplanes for 25 cents each. How often do you talk with your kids about money?