 TITLE: How to Teach Your Kids About Money and Credit CONTENT: How to Help Your Child Build Good Credit Habits\n-----------------------------------------------\nKids can start learning about good credit habits before they have access to any credit products of their own.\nFor instance, when you use a credit card at the grocery store, you can explain that even though you're not using cash, you're still responsible for paying the amount you owe. Or, perhaps you and your partner have a weekly or monthly family budget meeting. You can let your child know that this is the time when the family ensures their savings and debt repayment goals are in order. Your child does not need to know all the details of your finances, but simply expressing the importance of spending responsibly, making on-time payments and keeping your credit utilization low can go a long way.\nOther strategies can include allowing your child to earn money for doing chores around the house and helping them split their earnings into savings and \"fun\" money they can spend on things like video games or movies. The Consumer Financial Protection Bureau has money lessons by age group available in its Money as You Grow toolkit. END