Money and Your Kids

It’s a white knuckle ride on Wall Street, and the economy remains fragile.  Are you anxious about money?  Do your kids know it?  MSN Money’s Liz Weston at AskLizWeston.com says your attitudes and actions with regard to money management will deeply influence your kids approach to financial matters.

So how do you teach your kids about money and how to manage it so they don’t end up living paycheck to paycheck, in a swirl of anxiety about paying their bills?  I spoke with Weston about that very thing, and you can hear our conversation below:

Liz goes into greater detail about whether you and I are teaching our kids to be poor here.  Guess what else?  Liz is no big fan of allowances!  Here are her thoughts on that.

Thanks, Liz, as always, for your brilliant financial insight, as I have none.  😉

-Bonnie

Liz Weston is the most-read personal finance columnist on the Internet, according to Nielsen//NetRatings.  The New York Times called her latest book, “The 10 Commandments of Money: Survive and Thrive in the New Economy,” a “wonderful basic personal finance book…Throughout, the book’s tone is supportive of people struggling to understand these topics and trying to make ends meet.”

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