Over the past several weeks, we’ve talked about creating a personal spending plan and some tips about how to save money on one of your largest monthly expenses. But what about imparting some of that financial literacy to your kiddos? As far as Tim Ranzetta is concerned, having those conversations early and often is key to ensuring your kids have a firm financial foundation to avoid costly spending pitfalls and proactively manage their own finances. On this episode, Tim and I discuss all things personal finance, from saving for college (and related expectations) to opening a checking account. How to teach responsible credit card use (and why Tim recommends it!) to really understanding financial contracts. He’ll even explain how you can “lend” your good credit to your kids if you’re a long-term credit card holder. Tune in to this episode to hear all of this and more!