Studies show that by age 3, kids understand the basic values of money and choices alike. But by age 7, a lot of their money habits are formed already. That's why author Beth Kobliner suggests starting a dialogue with your child early on about money, as noted in her book Make Your Kid a Money Genius (Even If You're Not). Steve Adubato discusses the book with Kobliner, as well as how to manage their impulse control, when to give in to your kid, why you shouldn't cosign for your teen's credit card and more.
We've got even more tips from Kobliner on how to raise money-smart kids.
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