Financial Life Planning: PART TWO How to teach your kids about money (without driving yourself crazy)

This is PART TWO of our show on how do you teach your kids about money, without making it a chore for you? We're once again bringing you an episode from Financial Life Planning with Matt Robison and Financial Advisor Mike Morton. Do you offer an allowance? Is it tied to chores or some other ‘work?’ Do you give your kids the freedom to spend their money with abandon or try to control what they buy? Have you had an honest discussion about college and the immense expense associated with higher education? Plus: Giving freedom to kids to spend their own money - and allowing the ‘failures’ that come with some of those decisions Chores - Do you pay your kids to be a contributing member of your family? When and how to talk to teenagers about college expenses