Parents Don’t Always Know Best About Finances

Here are 7 bad financial habits you could be passing on to your kids.

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Parents try to teach us the best way they know how. Unfortunately, they do not always know best, and sometimes they can inadvertently teach their children bad habits without even realizing it. Simply by observing what their parents do, children can pick up bad habits, including financial ones, that can last a lifetime.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Nancy Coutu, Investment Adviser Representative
Principal, Money Managers Financial Group
Nancy Coutu is a principal of Money Managers Ltd. and Money Managers Advisory, based in Oak Brook, Ill. She is licensed to sell insurance products.