If you asked earlier generations what their biggest fear was – they might have answered, “dying too young.” Asking that question today would probably get you the exact opposite answer: “I’m worried about outliving my money.” It’s a fear that is shared by many – even wealthy individuals. According to the 2019 AICPA Going Broke Remains Top Concern in Retirement: Survey of CPA Financial Planners, more than 41% of CPA’s indicated that running out of money was clients’ #1 concern.

While everyone has different views about money, it’s important to have “money talks” with your kids about the basic concepts at an early age. You don’t want these conversations to be heavy-handed or hour-long lectures, but aim for brief observations whenever opportunities come up. My husband and I are regularly on the lookout for teachable moments to talk about money with our two kids – especially since we know that our oldest is a “saver” who hates to part with even a penny, and our youngest is a “spender” who will spend every penny she has and then ask for more. We hope to teach them about finding a balance between the two. Here are five important tips for helping your children learn to use money wisely today and throughout their lives.

Are you tossing and turning as you try to fall asleep? Is there a lot of mind chatter running through your head about your financial future? For many of us, finances are what keep us up at night (at least prior to the pandemic).  According to the Capital One CreditWise survey, 73% of Americans rank their finances as the No. 1 stress in life.