Handling money as an adult is very different from saving up allowance. If you're a parent, you’ve probably learned some financial lessons through punishing experiences, and you’ll want to pass that hard-won wisdom on to your kids so they can avoid making those same mistakes.
It’s not about scaring your adult children into becoming penny-pinchers, even though they may initially accuse you of that. The point is that the earlier they learn good money habits, the better off their financial future will be in the long run.
So share these tips with your children who are 18 and up, and who knows? They may even grudgingly thank you as you lay on your deathbed.