As a parent, you want to set your children up for success in all aspects of life — including personal finance. You’re their first role model in money matters, which only compounds the pressure to get things right. But the decisions you make about your own finances can also have long-term consequences for your children, often in ways that are easy to miss.
So what is a well-meaning parent to do? For starters, you can learn about the most common money mistakes parents make — and why they tend to be so costly over time. While a financial planner can help you build a strategy tailored to your family, tools like ChatGPT can offer a high-level explanation of mistakes you’ll want to avoid.
