10 financial life lessons to teach kids before they leave home

In case you need some direction, we’ve asked top money managers and financial pros to weigh in with the best financial life lessons to teach kids. You might learn a little something, too!

It’s important to understand what student loans and other debts will really cost, both today and in the long run.

Understand Debt

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Know What You Expect to Earn Before You Borrow

It’s a general rule of thumb not to borrow more for school than you  expect to make in the first year of your professional career.

Save, Save, and Save Some More

Save what you can, and make saving a habit by revisiting your spending and savings goals each month.

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Automating saving can lead to successful saving. Chad Parks, suggests using a digital platform that saves for you so you don’t have to think about it.

Set It and Forget It


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