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Have you talked to your children about the value of money and the importance of managing it wisely? All parents hope that their children will grow up to make prudent use of their money, yet few actually spend time talking to them about how to accomplish these goals, a new study has found.
According to the American Institute of CPAs, parents are more likely to have talked with their children about good manners, smart eating habits, the importance of good grades, the dangers of drugs and alcohol and the risks of smoking than about sensible spending. If you’re not sure how to get started with your kids, the California Society of CPAs (www.calcpa.org) has this advice.
To be a good role model for your child, it’s a good idea to ensure that your own financial house is in order. That’s where your local CPA can help. Turn to him or her with all your financial questions.
Copyright 2012 American Institute of Certified Public Accountants.