How to prepare your teen for financial independence: 5 must-know money concepts

It’s great when our children move out of the house and become independent. We teach them during their childhood and provide whatever resources they need to make it on their own. One area of learning that often gets overlooked is the knowledge of how their spending habits can affect their lives over the long term. Basic financial concepts should be part of an ongoing conversation with your children so that once on their own, they can develop a credit history that opens doors, not shuts them down. Here are s ...