Financial planner and author, James Lenhoff, talks about his unique approach to teaching kids about money, "The Bank of Mom & Dad." It's probably not what you think!
James explains exactly how parents can use the Bank of Mom & Dad concept to teach their kids how to handle money wisely. In addition he discusses credit cards, buyers remorse, and allowing your kids to fail when the price tag is small. He also answers the question: Is it too late for my kid?