Loading tweets...The younger you start teaching your kids about being responsible with their finances the better off they will be when they become adults. The key is to start them young and I am talking about before their teenage years because if you wait that long it will most likely be too late. At that point the odds are that your teenager is not very interested in what you have to tell them other than how much money can they borrow from the bank of mom and dad today.
As upside down the financial situations of most people are in this country I still find incredibly hard to believe that schools are still not teaching personal finance as a required course? I don’t really need to go through the stats in terms of the amount of bankruptcies and foreclosures that are happening every day here do I? Reason number one for this giant mess as I see it is the lack of financial education when we were young, speaking as a 40+ year old man I can tell you that all the money knowledge I have now is based on my own personal trial and error and nothing more.
Because of that lack of money schooling when I was young I was pretty much left to fend for myself when it came to my personal finances and boy did I make some big mistakes in my past. The end result being that it has taken me a good 15 to 20 years to get my money in order which in terms of retirement money is a big chunk of time that I lost out on. When it comes to retirement the most important tool you will have on your side is time.
That’s why the majority of people in my age group are no longer looking to retire when they hit the age of 65 now they are looking at a retirement age of 80 or more. I can assure you that I will not be making the same mistakes with my kids as growing their knowledge when it comes to personal finances is at the top of our families list. There is a post that I saw the other day that speaks to this very topic and it covers 15 money rules that your kids should learn. Here is the link to that story over at the Yahoo finance section but before you go leave your opinion on why schools don’t teach personal finance as a requirement down in the comments section below.
Kudos to you webfolk 
Dave