According to a 2013 survey, 28 percent of Americans say they have no confidence in their ability to afford a comfortable retirement. If you have kids, you likely want them to be wise with their money to ensure financial security later in life.
So how can parents prepare their children? Financial expert Mike Finley shares tips on teaching children of all ages how to be good money managers in his book Financial Happiness.
Finley is serious about his ideas -- so serious in fact that he's giving away $100,000 in a financial literary contest, designed to see who are the most financially literate people in America. Think of it like a 100 question pop quiz. And all the answers can be found in his book. To learn more about the contest, click here.
For more on Mike Finley, visit his website, TheCrazyManinthePinkWig.com.