4 money lessons for children to master

Like a fairy-tale curse, poor money skills can screw up your kids, their kids and their kids' kids.

Good money habits, on the other hand, can insulate kids from making major mistakes later in life and will positively impact their quality of life as adults.

To raise money-smart kids, parents should start at a young age and regularly reinforce money lessons as children grow up.

Unfortunately not all parents consciously try to foster money skills in their offspring. A recent survey by TrueCredit.com found that about 20 percent of parents, nearly one in five, had never spoken with their kids between the ages of 4 and 18 about money basics.

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