You want your kids to have a healthy financial life, yet knowing how to help make that happen may leave you stumped.
It may be especially hard if you have your own money struggles. Yet teaching them as early as possible can make a difference.
“There’s a lot of misinformation out there that they will be exposed to later,” said Sheila Bair, former chair of the Federal Deposit Insurance Corporation, an independent agency that insures U.S. banks.
She’s also an author of children’s books that focus on money lessons. Her latest were released this week — “Billy the Borrowing Blue-Footed Booby” and “Princess Persephone Loses the Castle.”
Here’s how to help get your children on the right path, and what to watch out for.
Children learn from observing their parents. Yet many people are setting bad examples when it comes to money, said Bair, a member of the CNBC Invest in You Financial Wellness Council.
“A lot of adults do not always manage…