Show your kid smart money habits

By Marcie Geffner - Bankrate.com

It's a common complaint of parents that their young adult children aren't financially responsible. And there might be some truth to that grumbling. If your kids haven't stepped up, what can you do about it?

"The best thing a parent can do is teach (his or her) kids to be financially independent," says Bob Morrison, founder of Downing Street Wealth Management in Littleton, Colorado. "If you're into subsidizing their lifestyle, that's bad for both parties."

That doesn't mean you can't give your kids money. You can. But there's a world of difference between "once in a while," which is "more a gift," and paying for your child's apartment, insurance, cellphone, vacation or other expenses every month, Morrison says.

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http://www.bankrate.com/finance/smart-spending/set-a-good-money-example-for-your-kids.aspx