10 ways you're hurting your kids financially

  • ​2. Being a poor example

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    Good financial habits start with good financial modeling by parents, said Sean Moore, a certified financial planner and founder of SMART College Funding. Most parents know they should be good financial role models, but many aren't.

    Some parents still have poor money habits and troubled finances, and their children pick up on them. Nearly one in five parents in a Bank of America-USA Today report admitted they don't follow the advice they give their kids. Meanwhile, nearly three in five kids said their parents' advice and the example they set most influenced how they handle their finances today.