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Teaching Your Kids About Money: The Basics

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Plato said, "Let parents bequeath to their children not riches, but the spirit of reverence."

That old guy knew what he was talking about. As parents, we are not just responsible for providing food, clothing and shelter for our kids. We are also responsible for teaching them about God and life — and money is a part of life!

Parents are often scared to talk to their kids about money.

Some lessons mean admitting mistakes; others signal unattainable goals. But the consequences of not imparting ...