Instilling basic financial literacy in children when they are young will better prepare them for the financial decisions they make as young adults and serve them throughout their lives.

• Author: Anton, Gregory
• Position: News & trends - Brief article

"Instilling basic financial literacy in children when they are young will better prepare them for the financial decisions they make as young adults and serve them throughout their lives ... One of the ways that parents can use allowance as a teaching tool is to encourage their children to save 10 percent on a weekly basis and match the savings if they do. This simple, effective tool will...