Jon and Eileen Gallo (yes, of those Gallos) offer advice on raising financially responsible children.   Seven characteristics shared by parents include:

  • Being optimistic about changing money behaviors
  • Valuing financial savvy and financial intelligence
  • Thinking about the meaning of money in their lives
  • Educating their children financially.
  • Recognizing that their money deeds have a strong impact on their kids.
  • Feeling that children should hear “no” and “enough” in terms of money education
  • Wanting children to work for a sense of satisfaction as opposed to money.
For more, check out their book, “Silver Spoon Kids”  which is indispensable to upper income families.