Released: October 26, 2008

Crises help create a teachable moment

Source: Eileen Ambrose, Baltimore Sun (Free Registration)

Unemployment is rising. The stock market is setting all sorts of records - mostly bad. And the economy might be headed into a prolonged recession.

What better time to teach your children about finances and managing money?

I’m not suggesting you explain credit default swaps or option ARMs to tiny tykes. The financial world changes so fast that by the time children are old enough to invest on their own or buy a house, today’s products will be out of date.

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