The Parent Report: Money Conversations
BOSTON (CBS) - It can be one of the toughest conversations to have with your kids...no it's not about that...it's about money.
[Audio https://assets1.cbsnewsstatic.com/i/cbslocal/wp-content/uploads/sites/3859903/2011/01/january-6-2010-the-parent-report.mp3|titles=Money Conversations|artists=Doug Cope]
It's the conversation with your kids about money. Rich Morris is one of the authors of "Kids, Wealth and Consequences...Ensuring a Responsible Financial Future for the Next Generation." When should you have that conversation?
Morris says it helps if you talk to your kids about a financial aspect they're already interested in.
What about that first credit card? At what age should that happen?
This is all part of your child's overall education about life.
