How to Raise Kids to Be Good with Money

“The power of feeling buyer’s remorse at a young age can provide a powerful antidote to impulse buying as an adult.”

Kids learn a lot about money from watching how their parents deal with it, but there are other things you can do beyond relying on them to learn from your example.

Erin Lowry shares seven strategies to raise kids to be good with money including to give them hands-on experience, allow them to make a stupid purchase, and explain modern financial tools.

RELATED: The psychology of money.