Why You've Got to Teach Your Kids About Money

Money's tight for many people these days; even those who have good, well-paying jobs or businesses should be socking away money in case their fortunes change. This is a smart thing to do, and one reason why you'll want to teach your children to handle money wisely before they leave home.

Another good reason is that many companies are now running credit checks on their prospective employees. Some, like this woman, cannot find a job because, within a few months of losing her last job, she ran out of money to make her house payment and went into foreclosure. Now she can't save her house unless she gets a job, and she can't get a job because of her house.

Don't let your kids be caught in a Catch-22 situation like that someday.