Monday,  June 4, 2012 • Vol. 12--No. 326 • 4 of 32 •  Other Editions

By Jason Alderman

This Father's Day, teach your kids to manage finances
By Jason Alderman

• As parents, we hope we're doing a good job raising our children - teaching them right from wrong, instilling the desire to learn and demonstrating how to manage money responsibly. But what if they see us preaching one behavior while practicing another? What's to stop them from following in our sometimes misguided footsteps?
• As Father's Day approaches, let me share a few things dads can do to teach their kids sound financial habits that will last them a lifetime - and point out a few bad behaviors you may not even be aware of. Ask yourself:
• • Do you avoid conversations about money with your kids because that's how you were raised? Or because you don't feel qualified to give advice?
• • Do you pay your bills on time to prevent late fees and possible dings to your credit score?
• • Do you balance your checkbook regularly to avoid overdrafts and bounced checks?
• • Have you set up an emergency fund - and are you disciplined enough not to

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