NEW YORK _ Does your child think the automated teller machine spits out money to anybody who wants some? Does she say, "Just put it on your credit card?" Does he think Amazon packages just miraculously appear on your doorstep?
How can parents teach kids about the value of money in a world where it's less and less necessary to carry any?
Renee Vitullo, a personal finance consultant from Valley Stream, has two children, Anthony, 11, and Victoria, 7, and she, like other parents, grapples with the challenge of teaching her children about money in an increasingly cashless world. "People should definitely talk to their kids, because there is no other way for them to learn," Vitullo says.
