Raising Their Financial Iq ; Book Advises Parents to Monitor Children's Money Habits Early

Summary

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Why shouldn't your child want an ultralight iPod or the pricey Xbox 360? With advertisers spending millions a year to make kids want and need everything they see, it is tough to teach them how to manage money.

Now financial advisers, banks and schools are moving to create financially intelligent parents of all income levels, regardless of whether they have committed their own money mistakes.

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Extract

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Raising Their Financial Iq ; Book Advises Parents to Monitor Children's Money Habits Early

"Your children don't have to inherit your anxieties or problems related to money," says Jon Gallo, a co-author of The Financially Intelligent Parent. "And children aren't doome...

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