Teaching Your Kids Responsible Money Habits

It's one of life's little mysteries: how two kids raised by the same parents could develop distinct ideas about saving and spending. But new research, the Arizona Pathways to Life Success for University Students (APLUS) study, is shedding light on the phenomenon. In fact, Soyeon Shim, Ph.D., developed APLUS while raising her teens, one cautious and one risk taking, after noticing the lack of qualitative information on young people's money habits.

- From Family Circle Magazine, July 2012