How to rear money-smart kids

By Suba Iyer

For Fivecentnickel.com

Published: Wednesday, April 16 2014 12:40 p.m. MDT

How do you teach your kids about money?


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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?