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U.S. Consumer Financial Protection Bureau

Website helps parents teach financial literacy to kids

April is Financial Literacy Month, a perfect time to talk to kids about money. According to research from Cambridge University, money habits start to form by age 7. That means that both your good and bad habits can be passed to the next generation. Dr. David Whitebread, co-author of the study, said habits of mind, including financial ones, "are largely determined in the first few years of life. ... (E)arly experiences provided by parents, caregivers and teachers ... can make a huge difference in promoting beneficial financial behavior."

The good news is that you don't have to do it alone: The newly relaunched website, created under the auspices of the...