Editor's note: This article originally ran on Fivecentnickel.com. It has been reprinted here with permission.
The Consumer Financial Protection Bureau estimated in 2013 that outstanding student loans have swelled to over $1.2 trillion. Seven in ten college seniors who graduated in 2012 had student loan debt, at an average of $29,400. Scary! It is extremely important for kids to have a good handle on personal finance before they enter college. Personal finance is now becoming a part of the K-12 curriculum in many school districts, but the best education can only come from parents and habits developed at home. So how can we raise money-smart kids?
How do you teach your kids about money?