Teaching your kids and teens financial literacy can be a huge challenge! Especially if you haven’t been so great with money management in the past yourself. With a few simple tools, you can do it, and ...

Plus, buying secondhand is better for the environment. I create less waste and save money. It is a win-win for me. My parents viewed debt as something that stood in the way of financial freedom.

If you have access to your parents' checking account, limit the amount of money in it by regularly transferring funds to a savings or money-market account. And if spending is out of control ...